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Eurozone annual inflation down to 1.1%

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100002010000061E00000131A8C2B2EAEurozone annual inflation is expected to be 1.1% in September 2013, down from 1.3% in August, according to a flash estimate 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 September (2.6%, compared with 3.2% in August), followed by services (1.5%, compared with 1.4% in August), non-energy industrial goods (0.3%, compared with 0.4% in August), and energy (-0.9%, compared with -0.3% in August).

Euro area annual inflation and its components percentage

  Weight (‰)

2013

 Sep 2012 Apr 2013 May 2013 June 2013 Jul 2013 Aug 2013 Sep 2013
All-items HICP 1000.0 2.6 1.2 1.4 1.6 1.6 1.3p 1.1e
Food, alcohol & tobacco 193.7 2.9 2.9 3.2 3.2 3.5 3.2p 2.6e
Energy 109.6 9.1 -0.4 -0.2 1.6 1.6 -0.3p -0.9e
Non-energy industrial goods 273.6 1.2 0.8 0.8 0.7 0.4 0.4p 0.3e
Services 423.0 1.7 1.1 1.5 1.4 1.4 1.4p 1.5e
All-items excluding:

energy, food, alcohol & tobacco

 696.7 1.5 1.0 1.2 1.2 1.1 1.1p 1.0e
energy 890.4 1.8 1.4 1.6 1.6 1.6 1.6p 1.4e

Source: Eurostat e = estimate p = provisional

  1. The euro area consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
  2. 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.

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