Euro area1 annual inflation2 is expected to be 0.8% in December 2013, down from 0.9% in November3, 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 December (1.8%, compared with 1.6% in November), followed by services (1.0%, compared with 1.4% in November), non-energy industrial goods (0.2%, stable compared with November) and energy (0.0%, compared with -1.1% in November).
|
|
Weight (‰) 2013 |
Dec 2012 |
July 2013 |
Aug 2013 |
Sep 2013 |
Oct 2013 |
Nov 2013 |
Dec 2013 |
|
All-items HICP |
1000.0 |
2.2 |
1.6 |
1.3 |
1.1 |
0.7 |
0.9p |
0.8e |
|
Food, alcohol & tobacco |
193.7 |
3.2 |
3.5 |
3.2 |
2.6 |
1.9 |
1.6p |
1.8e |
|
Energy |
109.6 |
5.2 |
1.6 |
-0.3 |
-0.9 |
-1.7 |
-1.1p |
0.0e |
|
Non-energy industrial goods |
273.6 |
1.0 |
0.4 |
0.4 |
0.4 |
0.3 |
0.2p |
0.2e |
|
Services |
423.0 |
1.8 |
1.4 |
1.4 |
1.4 |
1.2 |
1.4p |
1.0e |
|
All-items excluding: energy, food, alcohol & tobacco |
696.7 |
1.5 |
1.1 |
1.1 |
1.0 |
0.8 |
0.9p |
0.7e |
|
energy |
890.4 |
1.8 |
1.6 |
1.6 |
1.4 |
1.0 |
1.1p |
0.9e |
Source: Eurostat e = estimate p = provisional
- The Member States participating in the euro area as at 31 December 2013 were Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland. Latvia is a member of the euro area from 1 January 2014, and will be included in the calculation of the flash estimate for January 2014.
- 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 196/2013 of 17 December 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 December 2013 is scheduled for 16 January 2014.
