Home Malta Winds Annual inflation down to 1.4% in the euro area

Annual inflation down to 1.4% in the euro area

4
0
SHARE
Advertisement

The
euro area
annual inflation rate was 1.4% in March 2019, down from 1.5% in February
2019. A year earlier, the rate was 1.4%. European Union annual inflation was 1.6% in March 2019, stable
compared to February 2019. A year earlier, the rate was 1.6%. These
figures are published by Eurostat, the
statistical office of the European Union
.

The lowest annual rates were registered
in Portugal (0.8%) and Greece (1.0%). The highest annual
rates were recorded in Romania (4.2%), Hungary (3.8%) and the Netherlands (2.9%). Compared with February
2019, annual inflation fell in six Member States, remained stable in two and
rose in nineteen.

In March 2019, the highest contribution to the annual euro area inflation rate came from energy (+0.52 percentage points, pp), followed by services (+0.51 pp), food, alcohol & tobacco (+0.34 pp) and non-energy industrial goods (+0.04 pp).

Inflation rates (%) measured by the HICP

Annual rate Monthly rate
Mar 18 Oct 18 Nov 18 Dec 18 Jan 19 Feb 19 Mar 19   Mar 19
Euro area 1.4 2.3 1.9 1.5 1.4 1.5 1.4   1.0
EU 1.6 2.3 2.0 1.6 1.5 1.6 1.6   0.8
Belgium 1.5 3.2 2.9 2.2 1.8 2.0 2.2   0.2
Bulgaria 1.9 3.6 3.0 2.3 2.3 2.4 2.8   0.2
Czechia 1.6 2.0 1.6 1.6 2.0 2.4 2.6   0.2
Denmark 0.4 0.7 0.7 0.7 1.2 1.1 1.2   0.1
Germany 1.7 2.6 2.2 1.7 1.7 1.7 1.4   0.5
Estonia 2.9 4.5 3.2 3.3 2.8 1.9 2.2   0.4
Ireland 0.5 1.1 0.8 0.8 0.8 0.7 1.1   0.8
Greece 0.2 1.8 1.1 0.6 0.5 0.8 1.0   1.4
Spain 1.3 2.3 1.7 1.2 1.0 1.1 1.3   1.4
France 1.7 2.5 2.2 1.9 1.4 1.6 1.3   0.9
Croatia 1.2 1.7 1.3 1.0 0.6 0.8 1.1   0.8
Italy 0.9 1.7 1.6 1.2 0.9 1.1 1.1   2.3
Cyprus -0.4 1.9 1.6 1.0 2.1 0.8 1.1   1.1
Latvia 2.3 3.2 2.9 2.5 2.9 2.8 2.7   1.1
Lithuania 2.5 2.8 2.4 1.8 1.6 2.0 2.6   0.9
Luxembourg 1.1 2.8 2.6 1.9 1.6 2.1 2.4   0.3
Hungary 2.0 3.9 3.2 2.8 2.8 3.2 3.8   0.7
Malta 1.3 2.1 1.4 1.2 1.0 1.3 1.3   1.0
Netherlands 1.0 1.9 1.8 1.8 2.0 2.6 2.9   0.5
Austria 2.0 2.4 2.3 1.7 1.7 1.4 1.7   1.1
Poland 0.7 1.5 1.1 0.9 0.6 1.3 1.7   0.4
Portugal 0.8 0.8 0.9 0.6 0.6 0.9 0.8   2.1
Romania 4.0 4.2 3.2 3.0 3.2 4.0 4.2   0.5
Slovenia 1.5 2.3 2.1 1.4 1.2 1.3 1.6   0.7
Slovakia 2.5 2.5 2.0 1.9 2.2 2.3 2.7   0.7
Finland 0.9 1.7 1.4 1.3 1.2 1.3 1.1   0.1
Sweden 2.0 2.4 2.1 2.2 2.0 1.9 1.8   0.2
United Kingdom 2.5 2.4 2.3 2.1 1.8 1.9 :   :
Iceland 0.3 0.9 1.5 2.0 1.8 1.0 1.3   1.0
Norway 2.2 3.6 3.8 3.9 3.6 3.4 3.2   0.1
Switzerland 0.7 1.1 1.0 0.8 0.7 0.7 0.7   0.3

Euro area inflation rate (%), selected aggregates

  Weight
(‰)
Annual rate   Monthly rate
2019 Mar 18 Oct 18 Nov 18 Dec 18 Jan 19 Feb 19 Mar 19 Mar 19
All-items
HICP
1000.0 1.4 2.3 1.9 1.5 1.4 1.5 1.4   1.0
All-items
excluding:
> energy
898.7 1.3 1.4 1.2 1.1 1.3 1.3 1.0   1.0
>
energy, unprocessed food
854.0 1.3 1.3 1.1 1.1 1.2 1.2 1.0   1.2
>
energy, food, alcohol & tobacco
708.5 1.1 1.2 0.9 0.9 1.1 1.0 0.8   1.3
>
energy, seasonal food
873.5 1.4 1.3 1.1 1.1 1.2 1.2 1.0   1.1
>
tobacco
977.4 1.3 2.2 1.8 1.4 1.3 1.4 1.3   1.0
Food,
alcohol & tobacco
190.2 2.1 2.2 1.9 1.8 1.8 2.3 1.8   0.0
>
processed food, alcohol & tobacco
145.4 2.4 2.1 2.0 1.7 1.8 2.1 2.0   0.5
>
unprocessed food
44.7 1.2 2.4 1.8 1.8 1.8 2.9 1.1   -1.5
Energy 101.3 2.1 10.8 9.1 5.5 2.7 3.6 5.3   0.8
Non-energy
industrial goods
263.8 0.1 0.2 0.2 0.2 0.3 0.4 0.1   3.0
Services 444.7 1.7 1.7 1.4 1.3 1.6 1.4 1.1   0.4

Contributions to the euro area annual inflation rate (pp), selected aggregates

  Contributions
Mar 18 Oct 18 Nov 18 Dec 18 Jan 19 Feb 19 Mar 19
Food,
alcohol & tobacco
0.41 0.42 0.38 0.34 0.36 0.44 0.34
> processed food, alcohol & tobacco 0.36 0.31 0.30 0.26 0.27 0.31 0.29
> unprocessed food 0.06 0.11 0.08 0.08 0.08 0.13 0.05
Energy 0.20 1.02 0.88 0.53 0.26 0.35 0.52
Non-energy
industrial goods
0.03 0.07 0.06 0.06 0.08 0.09 0.04
Services 0.75 0.77 0.60 0.59 0.70 0.61 0.51

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 European Union includes Belgium, Bulgaria,
Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia,
Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria,
Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United
Kingdom.

The euro
area and European Union data refer to the respective country compositions at a
specific point in time. New Member States are integrated into the aggregates
using a chain index formula.

Data for the United
Kingdom for March 2019 were not available in time for publication. Due to this
fact, the EU totals have been calculated using Eurostat estimates.

Methods and definitions

The
annual rate measures the change of
the Harmonised Indices of Consumer Prices (HICP) between a month and the same
month of the previous year, and the monthly
rate
compares the indices between the two latest months.

A contribution shows how much of the annual inflation rate comes from
a particular component of the HICP. The
contributions are calculated according to a method which ensures their
additivity (allowing for rounding).

Revisions and timetable

A flash estimate of euro area inflation is issued at the end of each reference month. The euro area flash estimate for March 2019, published on 1 April 2019, was 1.4%.

The next flash estimate of euro area inflation with data for April 2019 is scheduled for 3 May 2019.

Issued by: Eurostat Press Office

The post Annual inflation down to 1.4% in the euro area appeared first on maltawinds.com.

Original article found on Malta Winds

LEAVE A REPLY

Please enter your comment!
Please enter your name here