1/2019 - 4 January 2019
Flash estimate - December 2018
Euro area annual inflation down to 1.6%
Euro area annual inflation is expected to be 1.6% in December 2018, down from 1.9% in November 2018, according to a flash estimate from Eurostat, the statistical office of the European Union.
Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in December (5.5%, compared with 9.1% in November), followed by food, alcohol & tobacco (1.8%, compared with 1.9% in November), services (1.3%, stable compared with November) and non-energy industrial goods (0.4%, stable compared with November).
Euro area annual inflation, December 2018, %
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All-item Foo | s HICP d, alcohol & tobacco | Energy |
Non-energy i | dustrial goods Services | |
Euro area annual inflation and its components, %
Weight (‰) 2018 | Dec 2017 | Jul 2018 | Aug 2018 | Sep 2018 | Oct 2018 | Nov 2018 | Dec 2018 | |
All-items HICP | 1000.0 | 1.4 | 2.1 | 2.0 | 2.1 | 2.2 | 1.9 | 1.6e |
All-items excluding: > energy | 903.0 | 1.2 | 1.4 | 1.3 | 1.3 | 1.3 | 1.2 | 1.1e |
> energy, unprocessed food | 828.2 | 1.1 | 1.3 | 1.2 | 1.1 | 1.2 | 1.1 | 1.1e |
> energy, food, alcohol & tobacco | 707.3 | 0.9 | 1.1 | 0.9 | 0.9 | 1.1 | 1.0 | 1.0e |
Food, alcohol & tobacco | 195.7 | 2.1 | 2.5 | 2.4 | 2.6 | 2.2 | 1.9 | 1.8e |
> processed food, alcohol & tobacco | 121.0 | 2.2 | 2.4 | 2.4 | 2.2 | 2.2 | 2.0 | 1.7e |
> unprocessed food | 74.8 | 1.9 | 2.6 | 2.5 | 3.2 | 2.1 | 1.8 | 1.9e |
Energy | 97.0 | 2.9 | 9.5 | 9.2 | 9.5 | 10.7 | 9.1 | 5.5e |
Non-energy industrial goods | 263.3 | 0.5 | 0.5 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4e |
Services | 443.9 | 1.2 | 1.4 | 1.3 | 1.3 | 1.5 | 1.3 | 1.3e |
e = estimate
Geographical coverage
The euro area consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
The euro area data refer to the country composition at a specific point in time. New Member States are integrated into the aggregate using a chain index formula.
Methods and definitions
Annual inflation is the change of the price level between the current month and the same month of the previous year.
Revisions and timetable
The euro area inflation flash estimate is issued at the end of each reference month.
The complete set of harmonised indices of consumer prices (HICP) for the euro area, EU and Member States is released around the middle of the month following the reference month. The next release with full data for December 2018 is scheduled for 17 January 2019.
For more information
Eurostat website section on inflation Eurostat database section on inflation
Eurostat Statistics Explained article on inflation in the euro area Eurostat metadata on inflation
Eurostat €-indicators release calendar
Issued by Eurostat Press Office | For further information on data: |
Baiba GRANDOVSKA | Lenka VALENTA |
Tel: +352-4301-33 444 | Tel: +352-4301-33 176 |
eurostat-pressoffice@ec.europa.eu | estat-hicp@ec.europa.eu |
EurostatStatistics
ec.europa.eu/eurostat/
@EU_EurostatMedia requests: Eurostat media support / Tel: +352-4301-33 408 /eurostat-mediasupport@ec.europa.eu
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EUROSTAT - European Union Statistical Office published this content on 04 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 January 2019 10:08:05 UTC