Flash estimate – October 2012 Euro area inflation estimated at 2.5%

31-10-2012 — /europawire.eu/ — Euro area1 annual inflation2 is expected to be 2.5% in October 2012, down from 2.6% in September3, according to a flash estimate from Eurostat, the statistical office of the European Union.

Looking at the main components of euro area inflation, energy (7.8% compared with 9.1% in September) is expected to have the highest annual rate in October, followed by food, alcohol & tobacco (3.2% compared with 2.9%), services (1.8% compared with 1.7%) and non-energy industrial goods (1.1% compared with 1.2%).

Euro area annual inflation and its components, %

Weight used in 2012
Oct 2011
May 2012
Jun 2012
Jul 2012
Aug 2012
Sep 2012
Oct 2012
All-items HICP
1000.0
3.0
2.4
2.4
2.4
2.6
2.6p
2.5e
Food, alcohol & tobacco
190.7
3.3
2.8
3.2
2.9
3.0
2.9p
3.2e
Energy
109.9
12.4
7.3
6.1
6.1
8.9
9.1p
7.8e
Non-energy industrial goods
284.7
1.3
1.3
1.3
1.5
1.1
1.2p
1.1e
Services
414.7
1.8
1.8
1.7
1.8
1.8
1.7p
1.8e

e Eurostat estimate p provisional

Scheduled publication dates

Index for Euro area flash estimates News release on euro area, EU and Member States
October 2012 15 November 2012
November 2012 30 November 2012 14 December 2012
December 2012 4 January 2013 16 January 2013
  • The Member States participating in the euro area are Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
  • Annual inflation is the change of the price level between the current month and the same month of the previous year.
  • See News Release 145/2012 of 16 October 2012.
Issued by Eurostat Press OfficeTim ALLEN

Tel: +352-4301-33 444

eurostat-pressoffice@ec.europa.eu

For further information on data:Svetoslava PAVLOVA

Tel: +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

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