Consumer prices in the Euro Area rose 0.3 percent from a month earlier in February 2019, as widely expected, due to increases in cost of energy (0.6 percent), services (0.4 percent) and food, alcohol & tobacco (0.3 percent) while non-energy industrial goods prices were flat. Inflation Rate Mom in the Euro Area averaged 0.16 percent from 1990 until 2019, reaching an all time high of 1.30 percent in March of 2011 and a record low of -1.50 percent in January of 2015.
Inflation Rate Mom in Euro Area is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Euro Area to stand at 0.50 in 12 months time. In the long-term, the Euro Area Inflation Rate MoM is projected to trend around 0.50 percent in 2020, according to our econometric models.