Flash
estimate - March 2014
Euro
area annual inflation down to 0.5%
Euro
area1
annual inflation2
is expected to be 0.5% in March 2014, down from 0.7% in February3,
according to a flash estimate4
from Eurostat,
the statistical office of the European Union.
Looking
at the main components of euro area inflation, services
is expected
to have the highest annual rate
in March (1.1%, compared with 1.3% in February), followed by food,
alcohol & tobacco (1.0%, compared with 1.5% in February),
non-energy industrial goods (0.3%, compared with 0.4% in February)
and energy (-2.1%, compared with -2.3% in February).
Euro area annual inflation and its
components, %
|
|
Weight
(‰)
2014
|
Mar
2013
|
Oct
2013
|
Nov
2013
|
Dec
2013
|
Jan
2014
|
Feb
2014
|
Mar
2014
|
|
All-items
HICP
|
1000.0
|
1.7
|
0.7
|
0.9
|
0.8
|
0.8
|
0.7p
|
0.5e
|
|
Food,
alcohol & tobacco
|
197.6
|
2.7
|
1.9
|
1.6
|
1.8
|
1.7
|
1.5p
|
1.0e
|
|
Energy
|
108.1
|
1.7
|
-1.7
|
-1.1
|
0.0
|
-1.2
|
-2.3p
|
-2.1e
|
|
Non-energy
industrial goods
|
266.6
|
1.0
|
0.3
|
0.2
|
0.3
|
0.2
|
0.4p
|
0.3e
|
|
Services
|
427.8
|
1.8
|
1.2
|
1.4
|
1.0
|
1.2
|
1.3p
|
1.1e
|
|
All-items
excluding:
energy,
food, alcohol & tobacco
|
694.4
|
1.5
|
0.8
|
0.9
|
0.7
|
0.8
|
1.0p
|
0.8e
|
|
energy
|
891.9
|
1.8
|
1.0
|
1.1
|
1.0
|
1.0
|
1.1p
|
0.8e
|
e
= estimate p = provisional
- The euro area consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, 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:
- See News Release 40/2014 of 17 March 2014.
- 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 March 2014 is scheduled for 16 April 2014.
Issued
by Eurostat
Press Office
Tim
ALLEN
Tel:
+352-4301-33 444
For
further information on data:
Svetoslava
PAVLOVA
Tel:
+352-4301-34 406
