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%. source: EUROSTAT

Inflation Rate In the Euro Area increased to 3.30 percent in August from 2.90 percent in July 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 September of 2026.

Inflation Rate In the Euro Area increased to 3.30 percent in August from 2.90 percent in July of 2026. Inflation Rate in Euro Area is expected to be 3.50 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
2026-08-19 09:00 AM
Inflation Rate YoY Final
Jul 2.9% 2.8% 2.9% 2.9%
2026-09-01 09:00 AM
Inflation Rate YoY Flash
Aug 3.3% 2.9% 3.3% 3.2%
2026-09-17 09:00 AM
Inflation Rate YoY Final
Aug 2.9% 3.3% 3.3%



Components Last Previous Unit Reference
Core Consumer Prices 103.07 102.84 points Aug 2026
Core Inflation Rate YoY 2.40 2.50 percent Aug 2026
CPI Clothing and Footwear 91.48 103.78 points Jul 2026
CPI Education 103.01 102.97 points Jul 2026
CPI Food and Non-Alcoholic Beverages 101.19 101.36 points Jul 2026
CPI Housing Utilities 103.69 102.90 points Jul 2026
CPI Recreation and Culture 103.92 102.06 points Jul 2026
CPI Restaurants and Hotels 106.36 105.06 points Jul 2026
CPI Transportation 107.41 105.11 points Jul 2026
Energy Inflation 14.30 10.30 percent Aug 2026
Energy Prices 113.03 109.86 points Aug 2026
Food Inflation 0.80 1.20 percent Jul 2026
Rent Inflation 2.70 2.70 percent Jul 2026
Services Inflation 3.00 3.30 percent Aug 2026

Related Last Previous Unit Reference
CPI 103.70 103.24 points Aug 2026
Import Prices 117.90 117.70 points Jul 2026
Consumer Inflation Expectations 2.90 3.00 percent Jul 2026
Consumer Inflation Expectations 3Y 2.70 2.80 percent Jul 2026
Consumer Inflation Expectations 5Y 2.40 2.40 percent Jul 2026
Inflation Rate YoY 3.30 2.90 percent Aug 2026
Inflation Rate MoM 0.40 0.20 percent Aug 2026
Producer Prices 131.80 129.70 points Jul 2026
PPI YoY 5.80 4.60 percent Jul 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
3.30 2.90 10.60 -0.60 1991 - 2026 percent Monthly

News Stream
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
Eurozone Inflation Confirmed at 2.9% in July
Eurozone annual inflation accelerated to 2.9% in July 2026, in line with flash estimates, up from 2.8% in June and remaining well above the European Central Bank's 2.0% target, final data showed. The increase was largely driven by a renewed surge in energy prices, with energy inflation accelerating to 10.3% from 8.5% as hostilities between the US and Iran resumed. Underlying price pressures also strengthened. Services inflation edged up to 3.3% from 3.2%, while inflation for non-energy industrial goods rose to 0.9% from 0.7%. In contrast, food, alcohol, and tobacco inflation eased to 1.2% from 1.5%. The core inflation rate, which excludes energy and food, increased to 2.5% from 2.4%. Among the euro area's largest economies, inflation accelerated in Germany (2.8% vs 2.4%), France (2.4% vs 2.0%), Spain (3.9% vs 3.6%), and the Netherlands (3% vs 2.5%), while easing slightly in Italy (2.9% vs 3.0%).
2026-08-19
Eurozone Inflation Climbs to 2.9% in July
Eurozone annual inflation accelerated to 2.9% in July 2026, in line with market expectations, up from 2.8% in June and remaining well above the European Central Bank's 2.0% target, according to preliminary estimates. The increase was largely driven by a renewed surge in energy prices, with energy inflation accelerating to 10.0% from 8.5% as hostilities between the US and Iran resumed. Underlying price pressures also strengthened. Services inflation edged up to 3.3% from 3.2%, while inflation for non-energy industrial goods rose to 0.9% from 0.7%. In contrast, food, alcohol, and tobacco inflation eased to 1.2% from 1.5%. The core inflation rate, which excludes energy and food, increased to 2.5% from 2.4%. Among the euro area's largest economies, inflation accelerated in Germany (2.8% vs. 2.4%), France (2.4% vs. 2.0%), Spain (3.8% vs. 3.6%), and the Netherlands (2.9% vs. 2.5%), while easing slightly in Italy (2.9% vs. 3.0%).
2026-07-31