Euro area annual inflation is expected to be 3.8% in September 2026, up from 3.2% in August according to a flash estimate from Eurostat, the statistical office of the European Union.
Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in September (18.8%, compared with 14.3% in August), followed by services (3.2%, compared with 3.0% in August), food, alcohol & tobacco (1.4%, compared with 1.1% in August) and non-energy industrial goods (1.1%, compared with 1.2% in August).
Euro area annual inflation and its components (%) |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
Weights (‰) |
Annual rate |
Monthly rate |
|||||||
2026 |
Sep 25 |
Apr 26 |
May 26 |
Jun 26 |
Jul 26 |
Aug 26 |
Sep 26 |
Sep 26 |
|
All-items HICP |
1000.0 |
2.2 |
3.0 |
3.2 |
2.8 |
2.9 |
3.2 |
3.8e |
0.6e |
All-items excluding: energy |
909.7 |
2.5 |
2.2 |
2.4 |
2.2 |
2.2 |
2.1 |
2.3e |
0.2e |
energy, unprocessed food |
858.3 |
2.4 |
2.1 |
2.3 |
2.1 |
2.2 |
2.1 |
2.2e |
0.2e |
energy, food, alcohol & tobacco |
720.4 |
2.4 |
2.2 |
2.6 |
2.4 |
2.5 |
2.4 |
2.5e |
0.2e |
Food, alcohol & tobacco |
189.4 |
3.0 |
2.4 |
1.9 |
1.5 |
1.2 |
1.1 |
1.4e |
0.2e |
processed food, alcohol & tobacco |
137.9 |
2.7 |
1.6 |
1.1 |
0.9 |
0.7 |
0.5 |
0.4e |
-0.2e |
unprocessed food |
51.4 |
3.9 |
4.6 |
4.0 |
3.1 |
2.4 |
2.7 |
4.0e |
1.3e |
Energy |
90.3 |
-0.4 |
10.8 |
10.8 |
8.5 |
10.3 |
14.3 |
18.8e |
3.9e |
Non-energy industrial goods |
252.2 |
0.7 |
0.8 |
0.9 |
0.7 |
0.9 |
1.2 |
1.1e |
2.1e |
Services |
468.2 |
3.2 |
3.0 |
3.5 |
3.2 |
3.3 |
3.0 |
3.2e |
-0.7e |
e estimated Source dataset: prc_hicp_minr and prc_hicp_iw |
Inflation rates (%) measured by the HICP |
||||||||
|---|---|---|---|---|---|---|---|---|
Annual rate |
Monthly rate |
|||||||
Sep 25 |
Apr 26 |
May 26 |
Jun 26 |
Jul 26 |
Aug 26 |
Sep 26 |
Sep 26 |
|
Belgium |
2.7 |
4.2 |
4.0 |
3.3 |
3.6 |
4.2 |
4.6e |
0.1e |
Bulgaria |
4.0 |
6.0 |
6.3 |
5.2 |
4.4 |
5.0 |
5.6e |
-0.1e |
Germany |
2.3 |
2.9 |
2.7 |
2.4 |
2.8 |
2.9 |
3.3e |
0.6e |
Estonia |
5.3 |
3.2 |
3.6 |
2.0 |
2.0 |
1.3 |
3.0e |
0.5e |
Ireland |
2.7 |
3.6 |
3.5 |
3.2 |
3.1 |
3.4 |
3.8e |
0.2e |
Greece |
1.8 |
4.6 |
4.9 |
3.9 |
2.7 |
3.7 |
5.1e |
1.8e |
Spain |
3.0 |
3.5 |
3.6 |
3.6 |
3.9 |
4.6 |
5.0e |
0.6e |
France |
1.1 |
2.5 |
2.8 |
2.0 |
2.4 |
2.6 |
3.4e |
-0.4e |
Croatia |
4.6 |
5.4 |
4.9 |
4.2 |
3.6 |
3.7 |
4.3e |
0.0e |
Italy |
1.7 |
2.8 |
3.2 |
3.0 |
2.9 |
3.2 |
4.1e |
2.0e |
Cyprus |
0.0 |
3.0 |
3.5 |
4.1 |
4.4 |
5.2 |
5.2e |
-0.4e |
Latvia |
4.2 |
2.9 |
3.5 |
3.3 |
2.5 |
3.0 |
2.9e |
0.1e |
Lithuania |
3.7 |
4.9 |
5.1 |
5.4 |
5.4 |
5.6 |
6.1e |
0.9e |
Luxembourg |
3.1 |
5.2 |
4.5 |
3.7 |
3.4 |
4.0 |
5.2e |
1.0e |
Malta |
2.4 |
2.5 |
2.1 |
2.0 |
2.1 |
2.0 |
2.4e |
-0.9e |
Netherlands |
3.0 |
2.5 |
3.4 |
2.5 |
3.0 |
2.8 |
3.0e |
-0.1e |
Austria |
3.9 |
3.4 |
3.7 |
3.2 |
2.7 |
2.9 |
3.5e |
0.6e |
Portugal |
1.9 |
3.3 |
3.1 |
3.1 |
3.1 |
3.6 |
3.6e |
1.0e |
Slovenia |
2.8 |
3.4 |
3.8 |
3.7 |
3.0 |
3.4 |
3.7 |
0.3 |
Slovakia |
4.6 |
4.1 |
4.0 |
3.5 |
3.2 |
3.1 |
3.1e |
0.2e |
Finland |
2.2 |
2.4 |
2.8 |
2.7 |
2.5 |
2.4 |
2.6e |
0.6e |
e estimated Source dataset: prc_hicp_minr |
The euro area inflation flash estimate is issued at the end of each reference month.
The complete set of harmonised indices of consumer prices (HICP) for the euro area, EU and Member States is released around the middle of the month following the reference month.
The next release with full data for September 2026 is scheduled for 16 October 2026.
Annual inflation is the price change of consumer goods and services between the current month and the same month of the previous year. Monthly inflation is the price change between the current month and the previous month.
Up to December 31, 2025, the euro area included Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland (EA20). From 1 January 2026, the euro area also includes Bulgaria (EA21).
The aggregate data series published in this Euro indicator release refer to the evolving composition of the euro area. Thus, Euro indicator data for months up to December 2025 represent EA20 series, while Euro indicator data for January 2026 onwards represent EA21 series. Changes in the composition of the euro area are incorporated using a chain index formula.
Statistics Explained article on inflation in the euro area
Release calendar for Euro indicators
European Statistics Code of Practice
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E-mail: estat-hicp@ec.europa.eu