Economy

Eurozone annual inflation down to 1.1%

Published

13 years ago

September 30, 2013

Eurozone 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

The euro area consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, 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.

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