EUROSTAT: Flash estimate – September 2016, Euro area annual inflation up to 0.4%
Euro area annual inflation is expected to be 0.4 % in September 2016, up from 0.2 % in August 2016, according to a flash estimate from Eurostat, the statistical office of the European Union
Looking at the main components of euro area inflation, services is expected to have the highest annual rate in September (1.2 %, compared with 1.1 % in August), followed by food, alcohol & tobacco (0.7 %, compared with 1.3 % in August), non-energy industrial goods (0.3 %, stable compared with August) and energy (-3.0 %, compared with -5.6 % in August).
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.