Eurozone Inflation Rate Falls Below Forecasts


The annual inflation rate in the Euro Area is expected to ease to 1.4 percent in March 2019, matching January's nine-month low, from 1.5 percent in the previous month and slightly below market consensus of 1.5 percent, a preliminary estimate showed.

Prices should rise at a softer pace for services (1.1 percent vs 1.4 percent in February), non-energy industrial goods (0.2 percent vs 0.4 percent) and food, alcohol & tobacco (1.8 percent vs 2.3 percent), in particular processed food, alcohol & tobacco (2 percent vs 2.1 percent) and unprocessed food (1.2 percent vs 2.9 percent). Meanwhile, energy inflation is expected to accelerate to 5.3 percent from 3.6 percent.

The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, is likely to fall to 0.8 percent in March from 1 percent in the previous month and slightly below market consensus of 0.9 percent.

Eurozone Inflation Rate Falls Below Forecasts


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/1/2019 9:16:47 AM