Eurozone annual inflation accelerated to 4.0% in October 2026, up from 3.8% in September, according to preliminary estimates, reaching its highest level since September 2023 and remaining well above the ECB’s 2% target. The increase was driven primarily by a sharp surge in energy prices amid continued fighting in the Middle East, with energy inflation jumping to 20.8%, its highest level since December 2022. Price growth also accelerated in services, to 3.3% from 3.2%, and unprocessed food, to 4.6% from 4.0%. Meanwhile, core inflation, which excludes energy and food, remained unchanged at 2.5%, in line with expectations. Among the eurozone’s largest economies, inflation accelerated in France to 3.8% from 3.4%, Italy to 5.6% from 4.2%, and the Netherlands to 3.3% from 3.0%. In contrast, Germany’s inflation rate eased to 2.8% from 3.3%, partly reflecting a temporary fuel tax cut, while Spain’s rate edged down to 4.9% from 5.0%. source: EUROSTAT

Inflation Rate In the Euro Area increased to 4 percent in October from 3.80 percent in September 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 November of 2026.

Inflation Rate In the Euro Area increased to 4 percent in October from 3.80 percent in September 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
2026-10-16 09:00 AM
Inflation Rate YoY Final
Sep 3.8% 3.2% 3.8% 3.8%
2026-11-04 10:00 AM
Inflation Rate YoY Flash
Oct 4% 3.8% 4% 3.9%
2026-11-18 10:00 AM
Inflation Rate YoY Final
Oct 3.8% 4% 4.0%



Components Last Previous Unit Reference
Core Consumer Prices 103.64 103.31 points Oct 2026
Core Inflation Rate YoY 2.50 2.50 percent Oct 2026
CPI Clothing and Footwear 103.44 92.93 points Sep 2026
CPI Education 104.24 103.19 points Sep 2026
CPI Food and Non-Alcoholic Beverages 101.33 101.15 points Sep 2026
CPI Housing Utilities 105.19 104.19 points Sep 2026
CPI Recreation and Culture 103.02 104.24 points Sep 2026
CPI Restaurants and Hotels 105.94 106.58 points Sep 2026
CPI Transportation 109.41 108.72 points Sep 2026
Energy Inflation 20.80 18.90 percent Oct 2026
Energy Prices 119.19 117.57 points Oct 2026
Food Inflation 1.00 0.70 percent Sep 2026
Rent Inflation 2.60 2.60 percent Sep 2026
Services Inflation 3.30 3.20 percent Oct 2026

Related Last Previous Unit Reference
CPI 104.77 104.31 points Oct 2026
Import Prices 119.20 118.00 points Aug 2026
Consumer Inflation Expectations 3.10 3.00 percent Sep 2026
Consumer Inflation Expectations 3Y 2.90 2.90 percent Sep 2026
Consumer Inflation Expectations 5Y 2.50 2.50 percent Sep 2026
Inflation Rate YoY 4.00 3.80 percent Oct 2026
Inflation Rate MoM 0.40 0.60 percent Oct 2026
Producer Prices 137.80 134.40 points Sep 2026
PPI YoY 11.10 8.30 percent Sep 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
4.00 3.80 10.60 -0.60 1991 - 2026 percent Monthly

News Stream
Eurozone Inflation Hits Fresh Three-Year High
Eurozone annual inflation accelerated to 4.0% in October 2026, up from 3.8% in September, according to preliminary estimates, reaching its highest level since September 2023 and remaining well above the ECB’s 2% target. The increase was driven primarily by a sharp surge in energy prices amid continued fighting in the Middle East, with energy inflation jumping to 20.8%, its highest level since December 2022. Price growth also accelerated in services, to 3.3% from 3.2%, and unprocessed food, to 4.6% from 4.0%. Meanwhile, core inflation, which excludes energy and food, remained unchanged at 2.5%, in line with expectations. Among the eurozone’s largest economies, inflation accelerated in France to 3.8% from 3.4%, Italy to 5.6% from 4.2%, and the Netherlands to 3.3% from 3.0%. In contrast, Germany’s inflation rate eased to 2.8% from 3.3%, partly reflecting a temporary fuel tax cut, while Spain’s rate edged down to 4.9% from 5.0%.
2026-11-04
Euro Area Inflation Rate Confirmed at 3-Year High in September
The annual inflation rate in the Eurozone accelerated for a third consecutive month to 3.8% in September 2026, the highest since September 2023, compared to 3.2% in August and in line with the preliminary estimate. Prices rose faster for energy (18.9% vs 14.3%), services (3.2% vs 3%) and food, alcohol and tobacco (1.3% vs 1.1%). On the other hand, inflation slowed slightly for non-energy industrial goods (1.1% vs 1.2%). Inflation accelerated across the bloc, with Slovakia the only country to record a slight decline, to 3% from 3.1%, while rates in Latvia and Portugal were unchanged at 3% and 3.6%, respectively. Among the Eurozone’s largest economies, inflation rose in Germany to 3.3% from 2.9%, France to 3.4% from 2.6%, Italy to 4.2% from 3.2%, Spain to 5% from 4.6%, and the Netherlands to 3% from 2.8%. Annual core inflation which excludes energy, food, alcohol & tobacco went up to 2.5% from 2.4%. Compared to August, the CPI increased 0.6%.
2026-10-16
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