Inflation Rate In the Euro Area decreased to 1.70 percent in January from 2 percent in December of 2025. Inflation Rate in Euro Area averaged 2.24 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. source: EUROSTAT

Inflation Rate in Euro Area is expected to be 1.90 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 2.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-19 10:00 AM
Inflation Rate YoY Final
Dec 1.9% 2.1% 2% 2.0%
2026-02-04 10:00 AM
Inflation Rate YoY Flash
Jan 1.7% 2% 1.7% 1.8%
2026-02-25 10:00 AM
Inflation Rate YoY Final
Jan 2% 1.7% 1.7%

Components Last Previous Unit Reference
Core Consumer Prices 99.82 100.88 points Jan 2026
Core Inflation Rate YoY 2.20 2.30 percent Jan 2026
CPI Clothing and Footwear 104.58 105.74 points Dec 2025
CPI Education 101.98 101.94 points Dec 2025
CPI Food and Non-Alcoholic Beverages 100.59 100.57 points Dec 2025
CPI Housing Utilities 100.33 100.29 points Dec 2025
CPI Recreation and Culture 100.55 99.28 points Dec 2025
CPI Restaurants and Hotels 100.04 99.78 points Dec 2025
CPI Transportation 100.55 99.94 points Dec 2025
Energy Inflation -1.90 -0.50 percent Dec 2025
Energy Prices 99.47 98.78 points Jan 2026
Food Inflation 2.50 2.30 percent Dec 2025
Rent Inflation 3.00 3.00 percent Dec 2025
Services Inflation 3.40 3.50 percent Dec 2025

Related Last Previous Unit Reference
CPI 100.08 100.63 points Jan 2026
Import Prices 110.20 109.90 points Nov 2025
Consumer Inflation Expectations 2.80 2.80 percent Dec 2025
Inflation Rate YoY 1.70 2.00 percent Jan 2026
Inflation Rate MoM -0.50 0.20 percent Jan 2026
Producer Prices 124.50 124.90 points Dec 2025
PPI YoY -2.10 -1.40 percent Dec 2025


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
1.70 2.00 10.60 -0.60 1991 - 2026 percent Monthly

News Stream
Eurozone Inflation Slows to 1.7% in January
Euro area annual inflation eased to 1.7% year-on-year in January 2026, down from 2.0% in December and in line with market expectations, marking its lowest level since September 2024. The decline came as the euro surged to a more than four-year high above $1.20 at month-end. Services inflation slowed to a four-month low of 3.2%, while energy prices fell further, dropping 4.1% compared with a 1.9% decline in December. By contrast, inflation picked up for unprocessed food (4.4% vs. 3.5%) and non-energy industrial goods (0.4% vs. 0.3%), while price growth for processed food, alcohol, and tobacco remained unchanged at 2.1%. Core inflation, excluding energy, food, alcohol, and tobacco, fell to 2.2%, the lowest since October 2021 and slightly below expectations of 2.3%. Among major eurozone economies, HICP eased in France (0.4% vs. 0.7%), Spain (2.5% vs. 3.0%), and Italy (1.0% vs. 1.2%), but rose in Germany (2.1% vs. 2.0%).
2026-02-04
Eurozone Inflation Falls Below ECB Target
Eurozone consumer price inflation eased to 1.9% in December 2025, down from 2.1% in November and slightly under the preliminary estimate of 2.0%. It marked the first time since May that inflation has come in below the European Central Bank’s 2% target, reinforcing expectations that interest rates will remain on hold for an extended period. Services inflation moderated to 3.4% from 3.5%, while price growth for non-energy industrial goods softened to 0.4% from 0.5%. Energy prices fell more sharply, declining 1.9% year-on-year compared with a 0.5% drop in November. By contrast, inflation in food, alcohol, and tobacco edged higher to 2.5% from 2.4%. Core inflation, excluding energy, food, alcohol, and tobacco, slipped to 2.3%, its lowest level in four months. Among the euro area’s largest economies, harmonized inflation cooled in Germany (2.0% vs. 2.6%), France (0.7% vs. 0.8%), and Spain (3.0% vs. 3.2%). Italy was the exception, with HICP inflation ticking up modestly to 1.2% from 1.1%.
2026-01-19
Eurozone Inflation Eases to ECB Target
Euro area consumer price inflation eased to 2.0% in December 2025, down from 2.1% in November, according to a preliminary estimate. This marks the lowest rate since August, returning to the ECB’s midpoint target and reinforcing expectations that interest rates are likely to remain steady for the foreseeable future. The slowdown reflected a modest easing in price growth for services (3.4% vs. 3.5% in November) and non-energy industrial goods (0.4% vs. 0.5%), alongside a sharper decline in energy costs (-1.9% vs. -0.5%). In contrast, prices for food, alcohol, and tobacco accelerated slightly to 2.6% from 2.4%. Core inflation, which excludes energy, food, alcohol, and tobacco, fell to 2.3%, the lowest in four months and just below expectations of 2.4%. Among Europe’s largest economies, HICP rates eased in Germany (2.0% vs. 2.6%), France (0.7% vs. 0.8%), and Spain (3.0% vs. 3.2%), while Italy bucked the trend with harmonized inflation rising slightly to 1.2% from 1.1%.
2026-01-07