Flash estimate – January 2013 Euro area annual inflation down to 2.0%

1-2-2013 — /europawire.eu/ — Euro area1 annual inflation2 is expected to be 2.0% in January 2013, down from 2.2% in December 20123, according to a flash estimate4 fromEurostat, the statistical office of the European Union.

Looking at the main components of euro area inflation, energy (3.9% compared with 5.2% in December) is expected to have the highest annual ratein January, followed by food, alcohol & tobacco (3.2%, stable compared with December), services (1.7% compared with 1.8% in December) and non-energy industrial goods (0.8% compared with 1.0% in December).

Euro area annual inflation and its components, %

	Weights 2012	Jan 2012	Aug  2012	Sep  2012	Oct  2012	Nov  2012	Dec  2012	Jan 2013
All-items HICP	1000.0	2.6	2.6	2.6	2.5	2.2	2.2p	2.0e
Food, alcohol & tobacco	191.6e	3.1	3.0	2.9	3.1	3.0	3.2p	3.2e
Energy	110.5e	9.2	8.9	9.1	8.0	5.7	5.2p	3.9e
Non-energy industrial goods	283.7e	0.9	1.1	1.2	1.1	1.1	1.0p	0.8e
Services	414.3e	1.9	1.8	1.7	1.7	1.6	1.8p	1.7e

e estimate

p provisional

Source: Eurostat

1. The euro area consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
2. Annual inflation is the change of the price level between the current month and the same month of the previous year. For further information on the euro area inflation flash estimate, see the Statistics Explained article on the Eurostat website:

http://epp.eurostat.ec.europa.eu/statistics_explained/index.php/Inflation_in_the_euro_area

1. See News Release 8/2013 of 16 January 2013.
2. 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 January 2013 is scheduled for 28 February 2013.

Issued by Eurostat Press OfficeTim ALLENTel: +352-4301-33 444 eurostat-pressoffice@ec.europa.eu

For further information on data:Svetoslava PAVLOVATel: +352-4301-34 406 estat-prc-stats-methods@ec.europa.eu

Eurostat News Releases on the internet: http://ec.europa.eu/eurostat

Selected Principal European Economic Indicators: http://ec.europa.eu/eurostat/euroindicators