Euro Area annual inflation up to 1.1 %
Euro area annual inflation is expected to be 1.1 % in December 2016, up from 0.6 % in November 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 December (2.5 %, compared with -1.1 % in November), followed by services (1.2 %, compared with 1.1 % in November), food, alcohol & tobacco (1.2 %, compared with 0.7 % in November) and non-energy industrial goods (0.3 %, stable compared with November).
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.
Annual inflation is the change of the price level between the current month and the same month of the previous year.
The euro area inflation flash estimate is issued at the end of each reference month.