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%). source: EUROSTAT

Inflation Rate In the Euro Area increased to 3.20 percent in May from 3 percent in April 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 June of 2026.

Inflation Rate In the Euro Area increased to 3.20 percent in May from 3 percent in April 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
2026-06-02 09:00 AM
Inflation Rate YoY Flash
May 3.2% 3% 3.2% 3.4%
2026-06-17 09:00 AM
Inflation Rate YoY Final
May 3.2% 3% 3.2% 3.2%
2026-07-01 09:00 AM
Inflation Rate YoY Flash
Jun 3.2% 3.2%



Components Last Previous Unit Reference
Core Consumer Prices 102.68 102.36 points May 2026
Core Inflation Rate YoY 2.60 2.20 percent May 2026
CPI Clothing and Footwear 105.28 105.13 points May 2026
CPI Education 102.95 102.90 points May 2026
CPI Food and Non-Alcoholic Beverages 101.76 101.96 points May 2026
CPI Housing Utilities 102.45 102.38 points May 2026
CPI Recreation and Culture 101.45 100.82 points May 2026
CPI Restaurants and Hotels 104.27 103.23 points May 2026
CPI Transportation 106.38 107.20 points May 2026
Energy Inflation 10.80 10.80 percent May 2026
Energy Prices 108.99 110.33 points May 2026
Food Inflation 1.60 2.20 percent May 2026
Rent Inflation 2.70 2.70 percent May 2026
Services Inflation 3.50 3.00 percent May 2026

Related Last Previous Unit Reference
CPI 103.13 103.04 points May 2026
Import Prices 118.70 115.60 points Apr 2026
Consumer Inflation Expectations 4.00 4.00 percent Apr 2026
Consumer Inflation Expectations 3Y 2.90 3.00 percent Apr 2026
Consumer Inflation Expectations 5Y 2.40 2.40 percent Apr 2026
Inflation Rate YoY 3.20 3.00 percent May 2026
Inflation Rate MoM 0.10 1.00 percent May 2026
Producer Prices 129.80 129.00 points Apr 2026
PPI YoY 4.90 2.00 percent Apr 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
3.20 3.00 10.60 -0.60 1991 - 2026 percent Monthly

News Stream
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
Eurozone Inflation Hits 2-1/2-Year High
Eurozone consumer price inflation reached 3.2% in May 2026, up from 3.0% in April and matching market expectations, according to preliminary data. This marks the highest rate since September 2023, staying significantly above the European Central Bank’s 2.0% target. Energy costs surged 10.9%, the steepest rise since February 2023, fueled by supply constraints tied to the Middle East conflict. Prices also accelerated for services (3.5% vs. 3.0% in April) and non-energy industrial goods (0.9% vs. 0.8%), while inflation for food, alcohol, and tobacco eased (2.0% vs. 2.4%). The core rate, excluding energy and food, climbed to 2.5% from 2.2%, suggesting broadening price pressures beyond energy. Among major Eurozone economies, inflation picked up in Spain (3.6% vs. 3.5%), the Netherlands (3.4% vs. 2.5%), Italy (3.3% vs. 2.8%), and France (2.8% vs. 2.5%), but slowed in Germany (2.7% vs. 2.9%).
2026-06-02
Eurozone Inflation Confirmed at Highest Since 2023
The Euro Area’s annual inflation rate was confirmed at 3.0% in April 2026, the highest since September 2023 and significantly above the European Central Bank’s 2.0% target. Energy prices surged 10.8%, the sharpest increase since February 2023, driven by Middle East conflict-related supply constraints. Inflation also picked up for non-energy industrial goods (0.8% vs. 0.5% in March) and unprocessed food (4.6% vs. 4.2%). Meanwhile, price growth slowed for services (3.0% vs. 3.3%) and processed food, alcohol, and tobacco (1.6% vs. 1.7%). The core rate, excluding energy, food, alcohol, and tobacco, eased to 2.2% from 2.3%. Among the Eurozone’s major economies, inflation accelerated in Germany (2.9% vs. 2.8%), France (2.5% vs. 2.0%), Italy (2.8% vs. 1.6%), and Spain (3.5% vs. 3.4%), but moderated in the Netherlands (2.5% vs. 2.6%).
2026-05-20