21/2017 - 31 January 2017
Flash estimate - January 2017
Euro area annual inflation up to 1.8% Euro area annual inflation is expected to be 1.8% in January 2017, up from 1.1% in December 2016, according to a flash estimate from Eurostat, the statistical office of the European Union.Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in January (8.1%, compared with 2.6% in December), followed by food, alcohol & tobacco (1.7%, compared with 1.2% in December), services (1.2%, compared with 1.3% in December) and non-energy industrial goods (0.5%, compared with 0.3% in December).
Euro area annual inflation, January 2017, %0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
All-items HICP
Food, alcohol & tobacco
Energy
Non-energy industrial goods
Services
Euro area annual inflation and its components, %Weight (‰) 2017 | Jan 2016 | Aug 2016 | Sep 2016 | Oct 2016 | Nov 2016 | Dec 2016 | Jan 2017 | |
All-items HICP | 1000.0 | 0.3 | 0.2 | 0.4 | 0.5 | 0.6 | 1.1 | 1.8e |
All-items excluding: > energy | 904.8e | 1.0 | 0.9 | 0.8 | 0.7 | 0.8 | 1.0 | 1.1e |
> energy, unprocessed food | 829.8e | 1.0 | 0.8 | 0.8 | 0.7 | 0.8 | 0.9 | 0.9e |
> energy, food, alcohol & tobacco | 709.2e | 1.0 | 0.8 | 0.8 | 0.8 | 0.8 | 0.9 | 0.9e |
Food, alcohol & tobacco | 195.6e | 1.0 | 1.3 | 0.7 | 0.4 | 0.7 | 1.2 | 1.7e |
> processed food, alcohol & tobacco | 120.6e | 0.8 | 0.5 | 0.5 | 0.5 | 0.7 | 0.7 | 0.7e |
> unprocessed food | 74.9e | 1.4 | 2.5 | 1.1 | 0.2 | 0.7 | 2.1 | 3.3e |
Energy | 95.2e | -5.4 | -5.6 | -3.0 | -0.9 | -1.1 | 2.6 | 8.1e |
Non-energy industrial goods | 263.0e | 0.7 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.5e |
Services | 446.1e | 1.2 | 1.1 | 1.1 | 1.1 | 1.1 | 1.3 | 1.2e |
e = estimate
Geographical coverage
The euro area consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
The euro area data refer to the country composition at a specific point in time. New Member States are integrated into the aggregate using a chain index formula.
Methods and definitions
Annual inflation is the change of the price level between the current month and the same month of the previous year.Revisions and timetable
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 January 2017 is scheduled for 22 February 2017.
For more information
Eurostat website section on inflation Eurostat database section on inflation
Eurostat Statistics Explained article on inflation in the euro area Eurostat metadata on inflation
Eurostat €-indicators release calendar
Issued by Eurostat Press Office Vincent BOURGEAIS
Tel: +352-4301-33 444eurostat-pressoffice@ec.europa.eu
ec.europa.eu/eurostat/
For further information on data:
Svetoslava PAVLOVA Tel: +352-4301-34 406estat-hicp@ec.europa.eu
@EU_Eurostat
Media requests: Eurostat media support / Tel: +352-4301-33 408 / eurostat-mediasupport@ec.europa.euEUROSTAT - European Union Statistical Office published this content on 31 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 January 2017 10:19:01 UTC.
Original documenthttp://ec.europa.eu/eurostat/documents/2995521/7844054/2-31012017-BP-EN.pdf/5cad7f7a-8002-496e-ae59-3a516d240c2c
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