The Euro Area annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, stood at 1 percent in December 2018, the same as in November and in line with early estimates. Core Inflation Rate in the Euro Area averaged 1.39 percent from 1997 until 2018, reaching an all time high of 2.60 percent in March of 2002 and a record low of 0.60 percent in January of 2015.
Core Inflation Rate in Euro Area is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Euro Area to stand at 1.70 in 12 months time. In the long-term, the Euro Area Core Inflation Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.