Annual Inflation in Euro Area is expected to be 1.7% in April 2019
IndraStra Global

Annual Inflation in Euro Area is expected to be 1.7% in April 2019

By IndraStra Global News Team

Annual Inflation in Euro Area is expected to be 1.7% in April 2019

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According to a flash estimate released by Eurostat, the statistical office of the European Union - the annual inflation in the Euro area is expected to be 1.7% in April 2019, up from 1.4% in March 2019. Annual inflation is the change in the price level between the current month and the same month of the previous year.

Euro Area Annual Inflation, April 2019 %

Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in April (5.4%, compared with 5.3% in March), followed by services (1.9%, compared with 1.1% in March), food, alcohol & tobacco (1.5%, compared with 1.8% in March) and non-energy industrial goods (0.2%, compared with 0.1% in March).

Euro area annual inflation and its components, %

The full data for April 2019 is scheduled to be released on May 17, 2019.

With reporting by Eurostat Press Office