Eurozone Inflation Confirmed at Highest Since 2023

2026-05-20 09:11 By Joana Ferreira 1 min. read

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%).



News Stream
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
Eurozone Inflation Confirmed at Four-Month Low in June
Eurozone annual inflation was confirmed at 2.8% in June 2026, down from 3.2% in May and marking its lowest level since February, before the Iran war disrupted energy supplies and drove oil prices higher. While inflation continued to ease, it remained above the European Central Bank's 2.0% target. Energy inflation slowed sharply to 8.5% from 10.8%, while price growth also moderated for services, non-energy industrial goods, and food, alcohol, and tobacco. Core inflation, which excludes energy and food, eased to 2.4% from 2.6%. Among the bloc's largest economies, inflation slowed in Germany, France, Italy, and the Netherlands, while remaining unchanged at 3.6% in Spain.
2026-07-17