Euro Area Inflation Rate

Last Release

Dec 31, 2025

Actual

1.9

Units In

2.1

Frequency

Monthly

Next Release

Feb 04, 2026

Time to Release

15 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
10.6 Oct 2022	-0.6 Jul 2009	2.24 %	1991-2025	Eurostat

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 (19 percent of the total weight), energy (11 percent), non-energy industrial goods (29 percent) and services (41 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.

Latest Updates

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%.