Eurozone Inflation Rate at Near 4-Year High of 1.8%


Consumer prices in the Euro Area are expected to increase 1.8 percent year-on-year in January of 2017, following a 1.1 percent rise in December and beating market expectations of 1.6 percent. It is the highest inflation rate since February of 2013, boosted by fuel prices, preliminary estimates showed. Excluding energy, food, alcohol and tobacco, core inflation is expected to remain steady at 0.9 percent.

Energy is expected to have the highest annual rate in January (8.1 percent, compared with 2.6 percent in December), followed by food, alcohol & tobacco (1.7 percent, compared with 1.2percent in December), services (1.2 percent, compared with 1.3 percent in December) and non-energy industrial goods (0.5 percent, compared with 0.3 percent in December).

Excluding energy only, consumer prices increased 1.1 percent, higher than 1 percent in December. 

Eurozone Inflation Rate at Near 4-Year High of 1.8%


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
1/31/2017 10:09:13 AM