Data · Euro area · Consumer prices
Euro area inflation rate: 3.8%
Consumer prices in the euro area were 3.8% higher in September 2026 than a year earlier, measured by the Harmonised Index of Consumer Prices (HICP) that the ECB targets; the month before it was 3.2%. Source: Eurostat.
Inflation September 2026
3.8%
year over year
Previous month
3.2%
August 2026
A year ago
2.2%
September 2025
ECB target
2%
over the medium term
Inflation rate over the last three years
Explained: Inflation, explained in 60 seconds
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Frequently asked questions
What is the inflation rate in the euro area?
In September 2026 consumer prices were 3.8% higher than a year earlier (HICP, Eurostat).
What is the HICP?
The Harmonised Index of Consumer Prices is calculated by the same rules in every EU country so that the figures can be compared. The ECB sets its policy by the euro area HICP.
What is the ECB’s inflation target?
The ECB aims for inflation of 2% over the medium term.
Source
Eurostat, HICP – monthly data, annual rate of change (prc_hicp_minr, RCH_A, all items). © European Union, Eurostat; reuse authorised with acknowledgement of the source (Decision 2011/833/EU). ec.europa.eu
More figures and explainers
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Inflation, explained · How the Fed sets interest rates, explained · Recession, explained · The euro, explained
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