$EUIRYY -EU YoY (CPI)

1. Nov. 2023

source: EUROSTAT

The inflation rate in the Euro Area declined to 2.9% year-on-year in October 2023,
reaching its lowest level since July 2021 and falling slightly below the market consensus of 3.1% .
Meanwhile,
The Core Rate, which filters out volatile food and energy prices,
also cooled to 4.2% in October;
marking its lowest point since July 2022.

However, both rates remained above the European Central Bank's target of 2%.
The energy cost tumbled by 11.1% (compared to -4.6% in September), and the rates of inflation eased for both food, alcohol, and tobacco (7.5% compared to 8.8%) and non-energy industrial goods (3.5% compared to 4.1%).
Services inflation remained relatively stable at 4.6%, compared to 4.7% in the previous month. On a monthly basis, consumer prices edged up 0.1% in October, after a 0.3% gain in September.

6. Jan.

Anmerkung

EUIRYY (December 2023 data)


The Inflation Rate in the Euro Area rose to 2.9% year-on-year in December 2023, climbing from an over two-year low of 2.4% seen in November, yet slightly below the market consensus of 3%, a preliminary estimate showed.
It was the first uptick in inflation since April and was primarily propelled by energy-related base effects.
Energy prices saw a decline of 6.7% (vs -11.5% in November), while services inflation remained steady at 4.0%.
Moreover, the pace of price rises moderated for both food, alcohol & tobacco (6.1% vs 6.9%) and non-energy industrial goods (2.5% vs 2.9%).
The core rate, excluding volatile food and energy prices, also cooled to 3.4%, aligning with expectations and marking its lowest point since March 2022.
On a monthly basis, consumer prices increased by 0.2% in December,
following a 0.6% drop in November.

source: EUROSTAT

5. Feb.

Anmerkung

EUIRYY


The inflation rate in the Euro Area went down to 2.8% year-on-year in January 2024 from 2.9% in the previous month, in line with market expectations. Meanwhile, the core rate, which excludes volatile food and energy prices, continued to ease to 3.3%, above forecasts of 3.2% but still reaching its lowest level since March 2022.
Energy prices saw a decline of 6.3% (vs -6.7% in December), while services inflation remained steady at 4.0%. Moreover, prices slowed for food, alcohol, and tobacco (5.7% vs 6.1%), and non-energy industrial goods (2% vs 2.5%).
On a monthly basis, consumer prices fell by 0.4% in January, after a 0.2% increase in December.

source: EUROSTAT

3. Apr.

Anmerkung

EUIRYY


The consumer Price Inflation rate in the Euro Area declined to 2.4% year-on-year in March 2024, matching November's 28-month low and falling short of market expectations of 2.6%, a preliminary estimate showed.
The core rate, excluding volatile food and energy prices, also cooled to 2.9%, its lowest point since February 2022 and below forecasts of 3.0%.
Energy prices saw a decline of 1.8% (vs -3.7% in February), while the pace of price rises moderated for food, alcohol & tobacco (2.7% vs 3.9%), and non-energy industrial goods (1.1% vs 1.6%).
On the other hand, services inflation held steady at 4.0%. On a monthly basis, consumer prices increased by 0.8% in March, following a 0.6% rise in February.

source: EUROSTAT

1. Mai

Anmerkung

EUIRYY 2.4 % (April/2024)



The annual inflation rate in the Euro Area remained at 2.4 percent in April 2024, in line with market expectations, preliminary estimates showed. Inflation slowed for non-energy industrial goods (0.9 percent vs 1.1 percent in March) and services (3.7 percent vs 4 percent).
On the other hand, prices rose faster for food, alcohol, and tobacco inflation (2.8 percent vs 2.6 percent).
Meanwhile, energy prices decreased at a slower pace (-0.6 percent vs -1.8 percent).
On a monthly basis, consumer prices rose by 0.4 percent in April. The core inflation rate, a crucial underlying measure that filters out volatile food and energy prices cooled to 2.7 percent, down from March's 2.9 percent.

source: EUROSTAT

3. Juni

Anmerkung

EUIRYY 2.6% (May/2024)

Annual inflation rate in the Euro Area rose for the first time in five months to 2.6% in May 2024 from 2.4% in each of the previous two months, and above forecasts of 2.5%, preliminary estimates showed.
Prices rebounded for energy (0.3% vs -0.6%) and rose faster for services (4.1% vs 3.7%) but sowed for food, alcohol and tobacco (2.6% vs 2.8%) and non-energy industrial goods (0.8% vs 0.9%).
The core rate which excludes prices for energy, food, alcohol and tobacco also increased to 2.9% from 2.7%, higher than expectations of 2.8%. Among the major economies, inflation accelerated more than anticipated in Germany (2.8%), France (2.7%), Spain (3.8%) and Italy (0.8%).

source: EUROSTAT

2. Juli

Anmerkung

EUIRYY 2.5% (June/2024)
source: EUROSTAT

- Annual inflation rate in the Euro Area eased to 2.5% in June 2024 after briefly accelerating to 2.6% in May, and matching market forecasts, preliminary estimates showed.
Prices rose at a slower pace for food, alcohol and tobacco (2.5% vs 2.6%) and energy (0.2% vs 0.3%) while inflation was steady for non-energy industrial goods (at 0.7%) and services (at 4.1%).
Compared to the previous month, the CPI rose 0.2%, the same as in May. Meanwhile, annual core inflation which excludes energy, food, alcohol & tobacco, unexpectedly remained unchanged at 2.9%, compared to forecasts of 2.8%.
Among the largest economies, inflation eased in Germany (2.5% vs 2.8%), France (2.5% vs 2.6%), Spain (3.5% vs 3.8%) and Ireland (1.5% vs 2%), but rose in Italy (0.9% vs 0.8%) and the Netherlands (3.4% vs 2.7%).