Eurostat: Euro area annual inflation down to 1.2%, unemployment at 7.6%

June 4, 2019

Euro area (EA19) annual inflation is expected to be 1.2% in May 2019, down from 1.7% in April 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 May (3.8%, compared with 5.3% in April), followed by food, alcohol & tobacco (1.6%, compared with 1.5% in April), services (1.1%, compared with 1.9% in April) and non-energy industrial goods (0.3%, compared with 0.2% in April).  Full Eurostat report available HERE.

The euro area seasonally-adjusted unemployment rate was 7.6% in April 2019, down from 7.7% in March 2019 and from 8.4% in April 2018. This is the lowest rate recorded in the euro area since August 2008. The EU28 unemployment rate was 6.4% in April 2019, stable compared with March 2019 and down from 7.0% in April 2018. This remains the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000. These figures are published by Eurostat, the statistical office of the European Union. Full Eurostat report available HERE.

 

Compliments of Eurostat, via the European Commission.