In October 2025, the Euro Zone's Consumer Price Index excluding tobacco saw a slight uptick, clocking in at 0.2% compared to September's 0.1%, according to the latest data updated on November 19, 2025. This month-over-month increase indicates a minor shift in the region's core inflation trends during this period.
The CPI ex Tobacco is a key indicator used to gauge underlying inflation trends by excluding volatile items such as tobacco, thus providing a clearer picture of inflation dynamics. The increase from September's rate suggests a subtle rise in underlying inflation pressures within the Euro Zone, although the change is not significant enough to suggest a broad shift in the overall economic trajectory.
Economists and policymakers will likely monitor the trend closely, as any further increases or decreases in this core inflation measure could have implications for monetary policies and strategies intended to stabilize prices across the member states. The Euro Zone's economic community now looks ahead to see if this marginal rise stabilizes or amplifies in the coming months.
