January 4, 2008 press release: “Euro area1 annual inflation is expected to be 3.1% in December 2007 according to a flash estimate issued by Eurostat, the Statistical Office of the European Communities. It was 3.1% in November.
Computation of flash estimates: Euro area inflation is measured by the Monetary Union Index of Consumer Prices (MUICP). To compute the
MUICP flash estimates, Eurostat uses early price information relating to the reference month from Member States for which data are available as well as early information about energy prices.”