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Euro area1 annual inflation2 is expected to be 1.3% in August 2013, down from 1.6% in July3, according to a flash estimate4 from Eurostat, the statistical office of the European Union.
Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in August (3.3%, compared with 3.5% in July), followed by services (1.5%, compared with 1.4% in July), non-energy industrial goods (0.3%, compared with 0.4% in July), and energy (-0.4%, compared with 1.6% in July).
Euro area annual inflation and its components, %
|
|
Weight (‰) 2013 |
Aug 2012 |
Mar 2013 |
Apr 2013 |
May 2013 |
June 2013 |
July 2013 |
Aug 2013 |
|
All-items HICP |
1000.0 |
2.6 |
1.7 |
1.2 |
1.4 |
1.6 |
1.6p |
1.3e |
|
Food, alcohol & tobacco |
193.7 |
3.0 |
2.7 |
2.9 |
3.2 |
3.2 |
3.5p |
3.3e |
|
Energy |
109.6 |
8.9 |
1.7 |
-0.4 |
-0.2 |
1.6 |
1.6p |
-0.4e |
|
Non-energy industrial goods |
273.6 |
1.1 |
1.0 |
0.8 |
0.8 |
0.7 |
0.4p |
0.3e |
|
Services |
423.0 |
1.8 |
1.8 |
1.1 |
1.5 |
1.4 |
1.4p |
1.5e |
|
All-items excluding: energy, food, alcohol & tobacco |
696.7 |
1.5 |
1.5 |
1.0 |
1.2 |
1.2 |
1.1p |
1.1e |
|
energy |
890.4 |
1.8 |
1.8 |
1.4 |
1.6 |
1.6 |
1.6p |
1.6e |
Source: Eurostat e = estimate p = provisional
- The euro area consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
- Annual inflation is the change of the price level between the current month and the same month of the previous year. For further information on the euro area inflation flash estimate, see the Statistics Explained article on the Eurostat website: http://epp.eurostat.ec.europa.eu/statistics_explained/index.php/Inflation_in_the_euro_area
- See News Release 123/2013 of 16 August 2013.
- 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 August 2013 is scheduled for 16 September 2013.
