Annual inflation in the euro area is expected to decrease from 1.9% in November 2018 to 1.6% in December 2018, according to a flash estimate from Eurostat, the statistical office of the European Union.
According to the main components of euro area inflation, energy is estimated to have the highest annual inflation rate in December 2018 (5.5%), when compared with November 2018 (9.1%).
It is followed by food, alcohol, and tobacco, with a rate of 1.8% for the month, in contrast with 1.9% in November.
Inflation in services (1.3%), and non-energy industrial goods (0.4%) has been estimated to remain stable when compared with data from November.
The euro area comprises Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia, and Finland.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.