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For additional information relating to this article, please contact:

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

September 18, 2019
EU AND EURO AREA CONSUMER PRICE INFLATION, AUGUST 2019

In August, the year-over-year inflation rate was unchanged from July at 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, Hungary, Netherlands and Latvia, while the lowest inflation was reported in Portugal, Greece, and Spain.     

In August 2019 food price inflation rose to 2.8 per cent (year-over-year) in the European Union and to 2.1 per cent in the Euro Area.

Year-over-year energy inflation turned negative in August, falling to -0.1 per cent in the European Union and -0.6 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 August 2019, the CPI excluding food, energy, alcohol and tobacco remained unchanged at 1.2 per cent for the European Union and 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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