Eurozone annual inflation was confirmed at 2.8% in June 2026, down from 3.2% in May and marking its lowest level since February, before the Iran war disrupted energy supplies and drove oil prices higher. While inflation continued to ease, it remained above the European Central Bank's 2.0% target. Energy inflation slowed sharply to 8.5% from 10.8%, while price growth also moderated for services, non-energy industrial goods, and food, alcohol, and tobacco. Core inflation, which excludes energy and food, eased to 2.4% from 2.6%. Among the bloc's largest economies, inflation slowed in Germany, France, Italy, and the Netherlands, while remaining unchanged at 3.6% in Spain. source: EUROSTAT

Inflation Rate In the Euro Area decreased to 2.80 percent in June from 3.20 percent in May of 2026. Inflation Rate in Euro Area averaged 2.25 percent from 1991 until 2026, reaching an all time high of 10.60 percent in October of 2022 and a record low of -0.60 percent in July of 2009. This page provides the latest reported value for - Euro Area Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2026.

Inflation Rate In the Euro Area decreased to 2.80 percent in June from 3.20 percent in May of 2026. Inflation Rate in Euro Area is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Inflation Rate is projected to trend around 2.10 percent in 2027 and 2.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-01 09:00 AM
Inflation Rate YoY Flash
Jun 2.8% 3.2% 3% 3.1%
2026-07-17 09:00 AM
Inflation Rate YoY Final
Jun 2.8% 3.2% 2.8% 2.8%
2026-07-31 09:00 AM
Inflation Rate YoY Flash
Jul 2.8% 3.0%



Components Last Previous Unit Reference
Core Consumer Prices 102.87 102.68 points Jun 2026
Core Inflation Rate YoY 2.40 2.60 percent Jun 2026
CPI Clothing and Footwear 103.78 105.28 points Jun 2026
CPI Education 102.98 102.95 points Jun 2026
CPI Food and Non-Alcoholic Beverages 101.36 101.76 points Jun 2026
CPI Housing Utilities 102.90 102.45 points Jun 2026
CPI Recreation and Culture 102.06 101.42 points Jun 2026
CPI Restaurants and Hotels 105.06 104.28 points Jun 2026
CPI Transportation 105.11 106.40 points Jun 2026
Energy Inflation 8.50 10.80 percent Jun 2026
Energy Prices 106.99 109.00 points Jun 2026
Food Inflation 1.20 1.60 percent Jun 2026
Rent Inflation 2.70 2.70 percent Jun 2026
Services Inflation 3.20 3.50 percent Jun 2026

Related Last Previous Unit Reference
CPI 103.02 103.13 points Jun 2026
Import Prices 119.40 118.80 points May 2026
Consumer Inflation Expectations 3.50 4.00 percent May 2026
Consumer Inflation Expectations 3Y 2.90 2.90 percent May 2026
Consumer Inflation Expectations 5Y 2.40 2.40 percent May 2026
Inflation Rate YoY 2.80 3.20 percent Jun 2026
Inflation Rate MoM -0.10 0.10 percent Jun 2026
Producer Prices 130.10 129.90 points May 2026
PPI YoY 5.90 5.00 percent May 2026


Euro Area Inflation Rate
In Euro Area, the inflation rate is calculated using the weighted average of the Harmonised Index of Consumer Price (HICP) aggregates. The main components of the HICP are: food, alcohol and tobacco (21 percent of the total weight), energy (11 percent), non-energy industrial goods (27 percent) and services (42 percent). The HICP aggregates are computed as the weighted average of each country’s HICP components. The weight of a country is its share of household final monetary consumption expenditure in the total of the country’s group. The local HICPs are supplied to the Eurostat by the National Statistical Institutes.
Actual Previous Highest Lowest Dates Unit Frequency
2.80 3.20 10.60 -0.60 1991 - 2026 percent Monthly

News Stream
Eurozone Inflation Confirmed at Four-Month Low in June
Eurozone annual inflation was confirmed at 2.8% in June 2026, down from 3.2% in May and marking its lowest level since February, before the Iran war disrupted energy supplies and drove oil prices higher. While inflation continued to ease, it remained above the European Central Bank's 2.0% target. Energy inflation slowed sharply to 8.5% from 10.8%, while price growth also moderated for services, non-energy industrial goods, and food, alcohol, and tobacco. Core inflation, which excludes energy and food, eased to 2.4% from 2.6%. Among the bloc's largest economies, inflation slowed in Germany, France, Italy, and the Netherlands, while remaining unchanged at 3.6% in Spain.
2026-07-17
Eurozone Inflation Falls More Than Expected
Eurozone consumer price inflation dropped to 2.8% in June 2026, down from 3.2% in May and below market expectations of 3.0%, according to preliminary data. This marks the lowest rate since February, before the Iran war disrupted energy supplies and pushed oil prices higher, though it remains above the European Central Bank’s 2.0% target. Energy inflation eased significantly to 8.7% from 10.8%, while price growth also slowed for services (3.2% vs. 3.5%) and food, alcohol, and tobacco (1.6% vs. 1.9%). Non-energy industrial goods inflation held steady at 0.9%. The core rate, excluding energy and food, fell to 2.4% from 2.6% in May. Among major Eurozone economies, inflation slowed in Germany (2.4% vs. 2.7%), France (2.0% vs. 2.8%), and Italy (3.1% vs. 3.2%), but remained unchanged in Spain at 3.6%.
2026-07-01
Eurozone Inflation Confirmed at 2-1/2-Year High
Eurozone consumer price inflation held at 3.2% in May 2026, the highest since September 2023 and well above the European Central Bank’s 2.0% target. Energy costs led the surge, rising 10.8%, the sharpest increase since February 2023, due to Middle East conflict-related supply constraints. Services inflation accelerated to 3.5% (from 3.0% in April), while non-energy industrial goods prices rose to 0.9% (from 0.8%). Food, alcohol, and tobacco inflation eased to 1.9% (from 2.4%). The core rate, excluding energy and food, climbed to 2.6% from 2.2%, signaling broadening price pressures. Among major economies, inflation rose in Spain (3.6% vs. 3.5%), the Netherlands (3.4% vs. 2.5%), Italy (3.2% vs. 2.8%), and France (2.8% vs. 2.5%), but slowed in Germany (2.7% vs. 2.9%).
2026-06-17