30 Aug Euro Area Inflation Rate
The inflation rate In the Euro Area was recorded at 1 percent in August of 2019. Inflation Rate in the Euro Area averaged 1.99 percent from 1991 until 2019, reaching an all time high of 5 percent in July of 1991 and a record low of -0.60 percent in July of 2009. in the Euro Area, the inflation rate is calculated using the weighted average of the Harmonised Index of Consumer Price (HICP) aggregates. The main components of the HICP are: food, alcohol and tobacco (19 percent of the total weight), energy (11 percent), non-energy industrial goods (29 percent) and services (41 percent). The HICP aggregates are computed as the weighted average of each countryâ€™s HICP components. The weight of a country is its share of household final monetary consumption expenditure in the total of the countryâ€™s group. The local HICPs are supplied to the Eurostat by the National Statistical Institutes. This page provides the latest reported value for – Euro Area Inflation Rate – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.