Annual Inflation Up To 1.9% in The Euro Area
Annual Inflation Up To 1.9% in The Euro Area
Annual Inflation Up To 1.9% in The Euro Area
May 2018
Annual inflation up to 1.9% in the euro area
Up to 2.0% in the EU
Euro area annual inflation rate was 1.9% in May 2018, up from 1.3% in April. A year earlier, the rate was 1.4%.
European Union annual inflation was 2.0% in May 2018, up from 1.5% in April. A year earlier, the rate was 1.6%.
These figures are published by Eurotat, the statistical office of the European Union.
The lowest annual rates were registered in Ireland (0.7%) and Greece (0.8%). The highest annual rates were
recorded in Romania (4.6%) and Estonia (3.1%). Compared with April 2018, annual inflation fell in one Member
State, remained stable in one and rose in twenty-six.
In May 2018, the highest contribution to the annual euro area inflation rate came from services (+0.72 percentage
points), followed by energy (+0.58 pp), food, alcohol & tobacco (+0.50 pp) and non-energy industrial goods
(+0.08 pp).
4
3.1
3 2.7 2.9 2.9
2.3 2.3 2.3 2.4 2.4
1.8 1.9 1.9 2.0 2.0 2.0 2.1 2.1 2.1 2.2 2.2
2 1.7
1.4
1.0 1.0 1.0 1.0 1.2
1 0.7 0.8
0
Cyprus
Euro area
EU
Germany
Slovenia
Latvia
Bulgaria
Ireland
Greece
Lithuania
Romania
Sweden
Spain
Luxembourg
Austria
Slovakia
Italy
Poland
Portugal
France
Hungary
Finland
Malta
Belgium
Denmark
United Kingdom
Estonia
Croatia
Czech Republic
Netherlands
Inflation rates (%) measured by the HICP
Monthly
Annual rate
rate
May 17 Dec 17 Jan 18 Feb 18 Mar 18 Apr 18 May 18 May 18
Euro area 1.4 1.4 1.3 1.1 1.3 1.3r 1.9 0.5
EU 1.6 1.7 1.6 1.4 1.5 1.5r 2.0 0.5
Belgium 1.9 2.1 1.8 1.5 1.5 1.6 2.3 0.3
Bulgaria 1.4 1.8 1.3 1.5 1.9 1.7 2.3 0.4
Czech Republic 2.5 2.2 2.1 1.6 1.6 1.8 2.0 0.5
Denmark 0.7 0.8 0.6 0.5 0.4 0.7 1.0 0.2
Germany 1.4 1.6 1.4 1.2 1.5 1.4 2.2 0.6
Estonia 3.5 3.8 3.6 3.2 2.9 2.9 3.1 0.5
Ireland 0.0 0.5 0.3 0.7 0.5 -0.1 0.7 0.6
Greece 1.5 1.0 0.2 0.4 0.2 0.5 0.8 0.1
Spain 2.0 1.2 0.7 1.2 1.3 1.1 2.1 0.9
France 0.9 1.2 1.5 1.3 1.7 1.8 2.3 0.5
Croatia 1.0 1.3 1.2 0.9 1.2 1.4 1.8 0.3
Italy 1.6 1.0 1.2 0.5 0.9 0.6 1.0 0.3
Cyprus 0.9 -0.4 -1.5 -0.4 -0.4 -0.3 1.0 1.4
Latvia 2.7 2.2 2.0 1.8 2.3 2.1 2.4 0.5
Lithuania 3.2 3.8 3.6 3.2 2.5 2.2 2.9 0.5
Luxembourg 1.9 1.6 1.3 1.1 1.1 1.3 2.1 0.6
Hungary 2.1 2.2 2.1 1.9 2.0 2.4 2.9 0.7
Malta 1.1 1.3 1.2 1.3 1.3 1.4 1.7 1.4
Netherlands 0.7 1.2 1.5 1.3 1.0 1.0r 1.9 0.4
Austria 2.1 2.3 1.9 1.9 2.0 2.0r 2.1 0.1
Poland 1.5 1.7 1.6 0.7 0.7 0.9 1.2 0.2
Portugal 1.7 1.6 1.1 0.7 0.8 0.3 1.4 0.8
Romania 0.5 2.6 3.4 3.8 4.0 4.3 4.6 0.6
Slovenia 1.5 1.9 1.7 1.4 1.5 1.9 2.2 1.0
Slovakia 1.1 2.0 2.6 2.2 2.5 3.0 2.7 0.0
Finland 0.9 0.5 0.8 0.6 0.9 0.8 1.0 0.0
Sweden 1.8 1.7 1.6 1.6 2.0 1.8 2.0 0.3
United Kingdom 2.9 3.0 3.0 2.7 2.5 2.4 2.4 0.4
Iceland -2.5 -1.0 -0.7 -1.0 0.3 -0.7 0.0 0.3
Norway 2.2 1.5 1.6 2.3 2.2 2.6 2.3 0.0
Switzerland 0.4 1.1 0.8 0.5 0.7 0.4 1.0 0.4
r = revised
The source dataset is available here.
Annual inflation rate (%) in the euro area and the European Union
5
Euro area EU
4
-1
Aug
Aug
Aug
Aug
Aug
May
Aug
Aug
Aug
Aug
Aug
May
May
May
May
May
May
May
Feb
May
May
May
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Nov
Nov
Nov
Nov
Nov
Nov
Nov
Nov
Nov
Nov
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Euro area inflation rate (%), selected aggregates
Weight Monthly
Annual rate
(‰) rate
2018 May 17 Dec 17 Jan 18 Feb 18 Mar 18 Apr 18 May 18 May 18
All-items HICP 1000.0 1.4 1.4 1.3 1.1 1.3 1.3r 1.9 0.5
All-items excluding:
> energy 903.0 1.1 1.2 1.2 1.0 1.3 1.1 1.4 0.3
> energy, unprocessed food 828.2 1.0 1.1 1.2 1.2 1.3 1.1 1.3 0.2
> energy, food, alcohol & tobacco 707.3 0.9 0.9 1.0 1.0 1.0 0.8r 1.1 0.3
> energy, seasonal food 862.6 1.0 1.2 1.2 1.2 1.3 1.1 1.3 0.2
> tobacco 976.7 1.4 1.3 1.2 1.1 1.2 1.1 1.8 0.5
Food, alcohol & tobacco 195.7 1.5 2.1 1.9 1.0 2.1 2.4 2.5 0.4
> processed food, alcohol & tobacco 121.0 1.5 2.2 2.5 2.3 2.9 3.0 2.6 0.0
> unprocessed food 74.8 1.6 1.9 1.1 -0.9 0.8 1.5 2.4 1.2
Energy 97.0 4.5 2.9 2.2 2.1 2.0 2.6 6.1 2.2
Non-energy industrial goods 263.3 0.3 0.5 0.6 0.6 0.2 0.3 0.3 0.0
Services 443.9 1.3 1.2 1.2 1.3 1.5 1.0 1.6 0.4
r = revised
Contributions to the euro area annual inflation rate (pp), selected aggregates
Contributions
May 17 Dec 17 Jan 18 Feb 18 Mar 18 Apr 18 May 18
Food, alcohol & tobacco 0.30 0.41 0.39 0.21 0.41 0.47 0.50
> processed food, alcohol & tobacco 0.18 0.27 0.30 0.28 0.35 0.36 0.31
> unprocessed food 0.12 0.14 0.08 -0.07 0.06 0.11 0.18
Energy 0.43 0.28 0.22 0.21 0.20 0.25 0.58
Non-energy industrial goods 0.08 0.13 0.15 0.14 0.07 0.09r 0.08
Services 0.59 0.54 0.56 0.57 0.67 0.45 0.72
r = revised
The full dataset is available in the Eurostat online database.
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 European Union includes Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain,
France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal,
Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.
The euro area and European Union data refer to the respective country compositions at a specific point in time. New Member
States are integrated into the aggregates using a chain index formula.