Euro Area HICP Inflation

Data Prices

Source: Eurostat
Source Link: https://ec.europa.eu/
Frequency: Monthly
Next Release(s): March 18th, 2026 5:00 AM

Latest Updates

Euro area HICP inflation rose to 1.9% YoY in February 2026 (Jan: 1.7%) and increased +0.7% MoM, indicating a modest reacceleration in headline prices driven by food and services alongside a smaller energy drag.
- HICP excluding energy accelerated to 2.4% YoY (Jan: 2.3%) with a +0.7% MoM gain, showing slightly firmer underlying inflation once volatile energy is removed.
- Core inflation excluding energy, food, alcohol and tobacco increased to 2.4% YoY (Jan: 2.2%) and rose +0.8% MoM, marking an uptick in broader underlying price pressures.
- Food, alcohol and tobacco inflation held at 2.6% YoY (Jan: 2.6%) and rose +0.3% MoM, with divergent trends inside the category.
- Unprocessed food inflation accelerated to 4.6% YoY (Jan: 4.2%) and increased +1.0% MoM, representing the strongest annual pace among major components.
- Processed food, alcohol and tobacco inflation eased to 1.8% YoY (Jan: 2.0%) and rose just +0.1% MoM, indicating moderation within the processed segment.
- Energy prices remained in annual contraction at -3.2% YoY (Jan: -4.0%) despite a +0.6% MoM increase, continuing to weigh on the headline rate even as the drag narrowed.
- Services inflation edged up to 3.4% YoY (Jan: 3.2%) with a +0.8% MoM rise, while non-energy industrial goods increased to 0.7% YoY (Jan: 0.4%) and +0.7% MoM, highlighting firmer momentum across both services and goods components.
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Euro area HICP inflation eased to 1.7% YoY in January 2026, down from 2.0% YoY in December 2025, and fell -0.5% MoM, reflecting a broad-based pullback in both goods and services prices.
- The deceleration in the annual rate was in line with analyst estimates and was the lowest since September 2024 (second lowest since April 2021).
- HICP excluding energy eased to 2.3% YoY (Dec: 2.4%) and fell 0.7% MoM, showing cooling underlying inflation beyond volatile energy prices.
- Core inflation excluding energy, food, alcohol and tobacco slowed to 2.2% YoY (Dec: 2.3%) with a 1.1% MoM decline, indicating broad monthly disinflation across core components.
- Food, alcohol and tobacco inflation accelerated to 2.7% YoY (Dec: 2.5%) and rose +0.9% MoM, standing out as one of the few categories showing price increases.
- Unprocessed food inflation jumped to 4.4% YoY (Dec: 3.5%) and surged +1.7% MoM, becoming the strongest upside contributor within the food basket.
- Energy prices deepened their annual contraction to 4.1% YoY (Dec: 1.9%) despite a +0.7% MoM rise, continuing to weigh heavily on headline inflation.
- Non-energy industrial goods inflation remained subdued at 0.4% YoY (Dec: 0.3%) and fell 2.4% MoM, highlighting ongoing goods price softness.
- Services inflation eased to 3.2% YoY (Dec: 3.4%) and declined 0.3% MoM, indicating some moderation in the most persistent inflation component.
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Euro area HICP inflation rose +0.2% MoM in December 2025 (down from 0.4% MoM in December 2024) and eased to 2.0% YoY (from 2.1% in November), pointing to modest month-end price firming amid softer annual momentum.
- Core inflation increased +0.3% MoM and eased slightly to 2.3% YoY (vs 2.4% YoY expected), down from 2.4% YoY in November, indicating a mild cooling in underlying price pressures.
- Services inflation decelerated to 3.4% YoY (Nov: 3.5%) and rose +0.7% MoM, remaining the strongest component and a key source of persistence in overall inflation.
- Energy prices fell -0.8% MoM and declined -1.9% YoY (Nov: -0.5% YoY), deepening the annual contraction and continuing to weigh on the headline rate.
- Food, alcohol and tobacco inflation edged up to 2.6% YoY (Nov: 2.4%) with a +0.1% MoM increase, reflecting firmer food price dynamics late in the year.
- Unprocessed food inflation rose sharply to 4.2% YoY (Nov: 3.2%) and increased +0.8% MoM, standing out as a key upside contributor among goods.
- Processed food inflation eased to 2.1% YoY (Nov: 2.2%) and fell -0.2% MoM, showing continued moderation in this category.
- Non-energy industrial goods prices declined -0.3% MoM and slowed to 0.4% YoY (Nov: 0.5%), remaining a subdued component of overall inflation.
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Euro area HICP inflation ticked up 0.1 ppts to 2.2% YoY (vs 2.1% YoY expected) in November 2025, despite a -0.3% MoM decline, as sticky services inflation keeps the headline rate mostly stable.
- Core inflation (excluding energy, food, alcohol & tobacco) was unchanged at 2.4% YoY for the 3rd straight month, down -0.4% MoM.
- Food prices increased 0.2% MoM, and the annual rate was unchanged at 2.5% YoY. Processed food inflation was unchanged at 2.3% YoY, and unprocessed food inflation ticked up 0.1 ppts to 3.3% YoY.
- Energy prices increased 0.9% MoM, but the annual rate remained negative at -0.5% YoY.
- Core goods prices fell -0.1% MoM, and the annual rate remained at 0.6% YoY, the same reading as a year ago.
- Services prices fell -0.8% MoM, but the annual rate ticked up 0.1 ppts to 3.5% YoY, the highest since March 2025.
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Euro area HICP inflation eased slightly to +2.1% YoY in October 2025 (from +2.2% in September) and rose +0.2% MoM, showing marginal cooling as lower energy and food prices offset stronger service inflation.
- Core inflation (excluding energy, food, alcohol & tobacco) was estimated at +2.4% YoY, stable from September, indicating steady underlying price pressures.
- Services inflation accelerated to +3.4% YoY (from +3.2%), remaining the largest contributor to headline inflation.
- Food, alcohol & tobacco inflation slowed to +2.5% YoY (from +3.0%), reflecting moderation in both processed and unprocessed food prices.
- Processed food inflation eased to +2.4% YoY (from +2.6%), while unprocessed food fell sharply to +3.2% (from +4.7%), showing a marked deceleration in fresh food costs.
- Energy prices declined -1.0% YoY (after -0.4%), extending their downward trend and exerting continued drag on the overall index.
- Non-energy industrial goods inflation softened to +0.6% YoY (from +0.8%), signaling weak goods-related price momentum across the euro area.
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Euro area HICP inflation was steady at 2.2% YoY (vs 2.2% YoY expected) in September 2025 (up from 2.0% YoY in August), with the monthly rate rising +0.1% MoM, showing only a modest pickup in price pressures.
- Core inflation (ex energy, food, alcohol & tobacco) held at 2.3% YoY for the fifth consecutive month, with a +0.1% MoM increase.
- Food, alcohol & tobacco inflation eased slightly to 3.0% YoY (from 3.2%), with processed food slowing to 2.6% YoY while unprocessed food accelerated to 4.7% YoY.
- Energy prices declined -0.4% YoY (vs -2.0% in August), marking the mildest annual drop since early 2024; MoM energy inflation fell -0.1%.
- Services inflation remained elevated at 3.2% YoY (from 3.1%) but registered a sharp -0.9% MoM decline, pointing to some easing in momentum.
- Non-energy industrial goods inflation was unchanged at 0.8% YoY but rose +2.2% MoM, consistent with stable goods price pressures.
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Euro area HICP inflation in August was revised down to 2.0% YoY from the initial estimate of 2.1% YoY, with monthly inflation revised down to 0.1% MoM from the initial estimate of 0.2% MoM, reflecting softer headline price pressures.
- Core inflation (ex energy, food, alcohol & tobacco) was confirmed at 2.3% YoY, after a 0.3% MoM increase.
- Services inflation eased slightly to 3.1% YoY (from 3.2% in July), with a +0.3% MoM gain keeping it the largest contributor to overall price pressures.
- Non-energy industrial goods rose 0.8% YoY and +0.3% MoM, indicating stable but modest goods price growth.
- Food, alcohol & tobacco inflation slowed to 3.2% YoY (from 3.3%) and was flat MoM, while processed food rose 2.6% YoY and +0.2% MoM.
- Unprocessed food inflation accelerated to 5.5% YoY (from 5.4%) despite a -0.4% MoM decline, underscoring volatility in fresh food prices.
- Energy prices fell -2.0% YoY and -0.7% MoM (vs flash estimate -1.9% YoY, -0.6% MoM), continuing to weigh on headline inflation.
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