The annual core inflation rate in the Euro Area slowed to 2.2% in January 2026, the lowest since October 2021, from 2.3% in December and in line with the preliminary estimate. Core Inflation Rate in Euro Area averaged 1.94 percent from 1991 until 2026, reaching an all time high of 5.70 percent in March of 2023 and a record low of 0.20 percent in September of 2020. source: EUROSTAT

Core consumer prices In the Euro Area increased 2.20 percent in January of 2026 over the same month in the previous year.

Core consumer prices In the Euro Area increased 2.20 percent in January of 2026 over the same month in the previous year. Core Inflation Rate in Euro Area is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Core Inflation Rate is projected to trend around 1.90 percent in 2027 and 2.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-04 10:00 AM
Core Inflation Rate YoY Flash
Jan 2.2% 2.3% 2.3% 2.3%
2026-02-25 10:00 AM
Core Inflation Rate YoY Final
Jan 2.2% 2.3% 2.2% 2.2%
2026-03-03 10:00 AM
Core Inflation Rate YoY Flash
Feb 2.2% 2.2% 2.2%


Related Last Previous Unit Reference
CPI 100.05 100.63 points Jan 2026
Core Consumer Prices 99.79 100.88 points Jan 2026
Core Inflation Rate YoY 2.20 2.30 percent Jan 2026
CPI Clothing and Footwear 91.44 104.58 points Jan 2026
CPI Education 102.45 101.98 points Jan 2026
CPI Food and Non-Alcoholic Beverages 101.23 100.59 points Jan 2026
CPI Housing Utilities 100.84 100.33 points Jan 2026
CPI Recreation and Culture 98.92 100.55 points Jan 2026
CPI Restaurants and Hotels 99.73 100.04 points Jan 2026
CPI Transportation 99.70 100.55 points Jan 2026
Food Inflation 2.60 2.50 percent Jan 2026
GDP Deflator 120.44 119.76 points Sep 2025
Import Prices 109.80 110.20 points Dec 2025
Inflation Rate YoY 1.70 2.00 percent Jan 2026
Inflation Rate MoM -0.60 0.20 percent Jan 2026
Producer Prices 124.50 124.90 points Dec 2025
PPI YoY -2.10 -1.40 percent Dec 2025


Euro Area Core Inflation Rate
In Euro Area, the core inflation rate is calculated using the weighted average of the Harmonised Index of Consumer Price (HICP) aggregates, excluding energy, food, alcohol & tobacco that face volatile price movements.
Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.30 5.70 0.20 1991 - 2026 percent Monthly
2015=100

News Stream
Eurozone Core Inflation Falls to 4-Year Low
The annual core inflation rate in the Euro Area, which excludes prices of food, energy, and tobacco, fell to 2.2% in January of 2026 from 2.3% in the earlier month, according to a flash estimate. The gauge measured the lowest increase in core prices since October of 2021, before the Russian war in Ukraine shocked the supply of European energy and triggered record-setting inflation in the currency block.
2026-02-04
Eurozone Core Inflation Rate Confirmed at 2.3%
The annual core inflation rate in the Euro Area, which excludes prices of food, energy, and tobacco, was at a four-month low of 2.3% in December 2025, matching the preliminary reading, down slightly from November's 2.4%. From the previous month, the core consumer price index rose by 0.3% in December, in line with the earlier estimate, after a 0.5% decrease in November. In the broader EU, core inflation also eased to a four-month low of 2.5%, from November's 2.6%.
2026-01-19
Eurozone Core Inflation Rate Confirmed at 2.4%
The annual core inflation rate in the Euro Area, which excludes prices of food, energy, and tobacco, was at 2.4% for the third consecutive month in November of 2025, aligned with the preliminary estimate. Since reaching a near four-year low of 2.3% in May, core inflation in the bloc has remained steady, supporting ECB comments that additional rate cuts are unlikely. On a monthly basis, core consumer prices fell by 0.5% in November, matching the earlier estimate.
2025-12-17