Flash estimate – December 2017 Euro Area annual inflation down to 1.4%

Euro area annual inflation is expected to be 1.4% in December 2017, down from 1.5 % in November 2017, 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 (3.0 %, compared with 4.7 % in November), followed by food, alcohol & tobacco (2.1 %, compared with 2.2 % in November), services (1.2 %, stable compared with November) and non-energy industrial goods (0.5 %, compared with 0.4 % in November).

The euro area inflation flash estimate is issued at the end of each reference month.

The complete set of harmonised indices of consumer prices (HICP) for the euro area, EU and Member States is released around the middle of the month following the reference month. The next release with full data for December 2017 is scheduled for January 17, 2018.