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Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

August 19, 2019
EU AND EURO AREA CONSUMER PRICE INFLATION, JULY 2019

            

 

In July, the year-over-year inflation rate declined to 1.4 per cent in the European Union and to 1.0 per cent in the Euro Area.  

Among member states, the fastest year-over-year inflation was reported in Romania and Hungary, while the lowest inflation was reported in Portugal, Cyprus, and Italy.

In July 2019 food price inflation rose to 2.7 per cent (year-over-year) in the European Union and to 1.8 per cent in the Euro Area.

Energy inflation fell to 0.5 per cent year-over-year in the European Union, and to 0.5 per cent in the Euro Area.

Excluding the impacts of volatile energy, food, alcohol and tobacco prices, year-over-year inflation has been more subdued in Europe. In July 2019, the CPI excluding food, energy, alcohol and tobacco rose to 1.0 per cent for the European Union and to 0.9 per cent for the Euro Area. 

Note, Methodological changes was made to data starting in 2015, so the year-over-year inflation rates calculated between 2015 and 2014 are based on different methodologies for the HICP.

Source: Eurostat-News Release

Statistics Canada.  Table  18-10-0004-01   Consumer Price Index, monthly, not seasonally adjusted



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