Eurozone annual inflation accelerated to 3.8% in September 2026, up from 3.2% in August and above market expectations of 3.6%, according to preliminary estimates. The rate reached its highest level since September 2023 and remained well above the ECB’s 2% target, driven largely by a surge in energy prices amid continued fighting in the Middle East. Energy inflation jumped to 18.8%, its highest level since January 2023. Price growth also accelerated for services, to 3.2% from 3.0%, and unprocessed food, to 4.0% from 2.7%. Core inflation, which excludes energy and food, rose to 2.5% from 2.4%, in line with expectations. Among the euro area’s largest economies, inflation accelerated in Germany to 3.3% from 2.9%, France to 3.4% from 2.6%, Spain to 5.0% from 4.6%, Italy to 4.1% from 3.2%, and the Netherlands to 3.0% from 2.8%. source: EUROSTAT

Inflation Rate In the Euro Area increased to 3.80 percent in September from 3.20 percent in August of 2026. Inflation Rate in Euro Area averaged 2.26 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 October of 2026.

Inflation Rate In the Euro Area increased to 3.80 percent in September from 3.20 percent in August of 2026. Inflation Rate in Euro Area is expected to be 3.60 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 2.70 percent in 2027 and 2.30 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-17 09:00 AM
Inflation Rate YoY Final
Aug 3.2% 2.9% 3.3% 3.3%
2026-10-02 09:00 AM
Inflation Rate YoY Flash
Sep 3.8% 3.2% 3.6% 3.6%
2026-10-16 09:00 AM
Inflation Rate YoY Final
Sep 3.2% 3.8% 3.8%



Components Last Previous Unit Reference
Core Consumer Prices 103.30 103.06 points Sep 2026
Core Inflation Rate YoY 2.50 2.40 percent Sep 2026
CPI Clothing and Footwear 92.94 91.48 points Aug 2026
CPI Education 103.19 103.01 points Aug 2026
CPI Food and Non-Alcoholic Beverages 101.15 101.19 points Aug 2026
CPI Housing Utilities 104.19 103.70 points Aug 2026
CPI Recreation and Culture 104.24 103.92 points Aug 2026
CPI Restaurants and Hotels 106.58 106.36 points Aug 2026
CPI Transportation 108.71 107.41 points Aug 2026
Energy Inflation 18.80 14.30 percent Sep 2026
Energy Prices 117.45 113.05 points Sep 2026
Food Inflation 0.70 0.80 percent Aug 2026
Rent Inflation 2.60 2.70 percent Aug 2026
Services Inflation 3.00 3.30 percent Aug 2026

Related Last Previous Unit Reference
CPI 104.30 103.69 points Sep 2026
Import Prices 117.90 117.70 points Jul 2026
Consumer Inflation Expectations 3.00 2.90 percent Aug 2026
Consumer Inflation Expectations 3Y 2.90 2.70 percent Aug 2026
Consumer Inflation Expectations 5Y 2.50 2.40 percent Aug 2026
Inflation Rate YoY 3.80 3.20 percent Sep 2026
Inflation Rate MoM 0.60 0.40 percent Sep 2026
Producer Prices 134.30 131.80 points Aug 2026
PPI YoY 8.20 5.80 percent Aug 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
3.80 3.20 10.60 -0.60 1991 - 2026 percent Monthly

News Stream
Eurozone Inflation Accelerates to Three-Year High
Eurozone annual inflation accelerated to 3.8% in September 2026, up from 3.2% in August and above market expectations of 3.6%, according to preliminary estimates. The rate reached its highest level since September 2023 and remained well above the ECB’s 2% target, driven largely by a surge in energy prices amid continued fighting in the Middle East. Energy inflation jumped to 18.8%, its highest level since January 2023. Price growth also accelerated for services, to 3.2% from 3.0%, and unprocessed food, to 4.0% from 2.7%. Core inflation, which excludes energy and food, rose to 2.5% from 2.4%, in line with expectations. Among the euro area’s largest economies, inflation accelerated in Germany to 3.3% from 2.9%, France to 3.4% from 2.6%, Spain to 5.0% from 4.6%, Italy to 4.1% from 3.2%, and the Netherlands to 3.0% from 2.8%.
2026-10-02
Eurozone Inflation Remains Elevated as Energy Costs Soar
Eurozone annual inflation accelerated to 3.2% in August 2026, matching May’s two-and-a-half-year high but coming in slightly below the preliminary estimate of 3.3%. The rate remained well above the ECB’s 2% target, driven largely by a surge in energy prices amid continued fighting in the Middle East. Energy inflation jumped to 14.3%, its highest since January 2023, while inflation for unprocessed food and non-energy industrial goods also accelerated. Services inflation, however, eased to a four-month low of 3.0%, while core inflation, excluding energy and food, edged down to 2.4% from 2.5%. Among the euro area’s largest economies, inflation accelerated in Germany to 2.9% from 2.8%, France to 2.6% from 2.4%, Spain to 4.6% from 3.9%, and Italy to 3.2% from 2.9%. The Netherlands was an exception, with inflation easing to 2.8% from 3.0%.
2026-09-17
Eurozone Inflation Hits Highest Since 2023
Eurozone annual inflation accelerated to 3.3% in August 2026 from 2.9% in July, in line with market expectations, according to preliminary estimates. The rate reached its highest level since September 2023 and remained well above the ECB’s 2% target, driven largely by a surge in energy prices amid continued fighting in the Middle East. The data strengthened expectations for an ECB rate hike as soon as this month, with markets fully pricing a 25-basis-point increase to 2.5%. Energy inflation jumped to 14.3%, its highest since January 2023, while unprocessed food and non-energy industrial goods inflation also accelerated. Services inflation, however, eased to a four-month low of 3.0%, while core inflation, excluding energy and food, edged down to 2.4%, below forecasts of 2.5%. Among the euro area’s largest economies, inflation accelerated in Germany to 2.9% from 2.8%, France to 2.7% from 2.4%, Spain to 4.5% from 3.9%, and Italy to 3.2% from 2.9%.
2026-09-01