Annual inflation in the Euro Area was confirmed at 1.7% in January 2026, down from 2.0% in December and marking its lowest level since September 2024. The moderation coincided with a strong appreciation of the euro, which climbed above $1.20 at the end of the month, its highest level in more than four years. Price growth slowed for both services (3.2% vs 3.4% in December) and processed food, alcohol & tobacco (2.0% vs 2.1%), while energy prices fell further, dropping 4.0% compared with a 1.9% decline in December. By contrast, inflation picked up for unprocessed food (4.2% vs. 3.5%) and non-energy industrial goods (0.4% vs. 0.3%). Core inflation, which excludes energy, food, alcohol, and tobacco, fell to 2.2%, its lowest level since October 2021. Among the largest eurozone economies, harmonized inflation slowed in France (0.4% vs. 0.7%), Spain (2.4% vs. 3.0%), and Italy (1.0% vs. 1.2%), while it edged higher in Germany (2.1% vs. 2.0%). source: EUROSTAT

Inflation Rate In the Euro Area decreased to 1.70 percent in January from 2 percent in December of 2025. Inflation Rate in the 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. 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 February of 2026.

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 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
2026-02-04 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 1.7% 2% 1.7% 1.7%
2026-03-03 10:00 AM
Inflation Rate YoY Flash
Feb 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 91.44 104.58 points Jan 2026
CPI Education 102.45 101.98 points Jan 2026
CPI Food and Non-Alcoholic Beverages 101.23 100.59 points Jan 2026
CPI Housing Utilities 100.84 100.33 points Jan 2026
CPI Recreation and Culture 98.92 100.55 points Jan 2026
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 100.05 100.63 points Jan 2026
Import Prices 109.80 110.20 points Dec 2025
Consumer Inflation Expectations 2.80 2.80 percent Dec 2025
Inflation Rate YoY 1.70 2.00 percent Jan 2026
Inflation Rate MoM -0.60 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
Euro Area Inflation Confirmed at 16-Month Low
Annual inflation in the Euro Area was confirmed at 1.7% in January 2026, down from 2.0% in December and marking its lowest level since September 2024. The moderation coincided with a strong appreciation of the euro, which climbed above $1.20 at the end of the month, its highest level in more than four years. Price growth slowed for both services (3.2% vs 3.4% in December) and processed food, alcohol & tobacco (2.0% vs 2.1%), while energy prices fell further, dropping 4.0% compared with a 1.9% decline in December. By contrast, inflation picked up for unprocessed food (4.2% vs. 3.5%) and non-energy industrial goods (0.4% vs. 0.3%). Core inflation, which excludes energy, food, alcohol, and tobacco, fell to 2.2%, its lowest level since October 2021. Among the largest eurozone economies, harmonized inflation slowed in France (0.4% vs. 0.7%), Spain (2.4% vs. 3.0%), and Italy (1.0% vs. 1.2%), while it edged higher in Germany (2.1% vs. 2.0%).
2026-02-25
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