Euro Area Inflation Rate At Near 2-Year High in September


Consumer prices in the Euro Area are expected to increase 0.4 percent year-on-year in September of 2016, following 0.2 percent growth in the previous month and in line with market expectations. It was the highest inflation rate since October 2014, as prices rose for services, food and energy cost fell at a slower pace.

Services is expected to have the highest annual rate in September (1.2 percent, compared with 1.1 percent in August), followed by food, alcohol & tobacco (0.7 percent, compared with 1.3 percent in August) and non-energy industrial goods (0.3 percent, stable compared with August). In contrast, energy prices are expected to fall (-3.0 percent, compared with -5.6 percent in August).
Core inflation rate which excludes prices of energy, food, alcohol and tobacco was stable at 0.8 percent from the previous month. Excluding energy only, the inflation rate was 0.8 percent, lower than 0.9 percent in the previous month.

Euro Area Inflation Rate At Near 2-Year High in September


Eurostat | Yekaterina Guchshina | yekaterina@tradingeconomics.com
9/30/2016 9:50:23 AM