The annual core inflation rate in the Euro Area, which excludes prices for energy, food, alcohol, and tobacco, was at 2.3% for the fourth consecutive time in August of 2025, according to a preliminary estimate. The result was marginally ahead of market expectations that it would ease to 2.2%. Despite remaining at the lowest level since October 2021, the lack of a slowdown could fragment opinions of monetary policy response between dovish and hawkish members of the ECB Governing Council, with current expectations loosely split between a rate cut this year. source: EUROSTAT

Core consumer prices In the Euro Area increased 2.30 percent in August of 2025 over the same month in the previous year. Core Inflation Rate in Euro Area averaged 1.93 percent from 1991 until 2025, 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. This page provides the latest reported value for - Euro Area Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.

Core consumer prices In the Euro Area increased 2.30 percent in August of 2025 over the same month in the previous year. Core Inflation Rate in Euro Area is expected to be 2.30 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 1.80 percent in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-08-20 09:00 AM
Core Inflation Rate YoY Final
Jul 2.3% 2.3% 2.3% 2.3%
2025-09-02 09:00 AM
Core Inflation Rate YoY Flash
Aug 2.3% 2.3% 2.2% 2.3%
2025-09-17 09:00 AM
Core Inflation Rate YoY Final
Aug 2.3% 2.3% 2.3%


Related Last Previous Unit Reference
CPI 129.32 129.12 points Aug 2025
Core Consumer Prices 122.82 122.46 points Aug 2025
Core Inflation Rate YoY 2.30 2.30 percent Aug 2025
CPI Housing Utilities 134.63 133.89 points Jul 2025
CPI Transportation 129.62 127.99 points Jul 2025
Food Inflation 3.20 2.90 percent Jul 2025
GDP Deflator 119.71 118.85 points Jun 2025
Import Prices 110.80 110.80 points Jun 2025
Inflation Rate YoY 2.10 2.00 percent Aug 2025
Inflation Rate MoM 0.20 0.00 percent Aug 2025
Producer Prices 124.40 123.90 points Jul 2025
PPI YoY 0.20 0.60 percent Jul 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
2.30 2.30 5.70 0.20 1991 - 2025 percent Monthly
2015=100

News Stream
Eurozone Core Inflation Unexpectedly Holds
The annual core inflation rate in the Euro Area, which excludes prices for energy, food, alcohol, and tobacco, was at 2.3% for the fourth consecutive time in August of 2025, according to a preliminary estimate. The result was marginally ahead of market expectations that it would ease to 2.2%. Despite remaining at the lowest level since October 2021, the lack of a slowdown could fragment opinions of monetary policy response between dovish and hawkish members of the ECB Governing Council, with current expectations loosely split between a rate cut this year.
2025-09-02
Eurozone Core Inflation Confirmed at Over 3-Year Low
The annual core inflation rate in the Euro Area, which excludes prices for energy, food, alcohol and tobacco, fell to 2.3% in May of 2025 from 2.7% in the previous month, aligned with preliminary estimates and below the initial market expectations of 2.5%. While remaining above the 2% target, it was the lowest rate since October of 2021, strengthening calls by dovish Governing Council members of the European Central Bank to loosen monetary policy and attend to growth concerns.
2025-06-18
Euro Area Core Inflation Falls to Over 3-Year Low
The annual core inflation rate in the Euro Area, which excludes prices for energy, food, alcohol and tobacco was at 2.4% in March of 2025, in line with the preliminary estimate and lower than the initial market expectations of 2.5%. It was the lowest rate since October of 2021, adding room for the European Central Bank to loosen monetary policy and attend to growth concerns. From the previous month, core consumer prices rose by 1%.
2025-04-16