The Harmonized Index of Consumer Prices (HICP) excluding Energy and Food in the Euro Zone edged slightly lower in December 2025, reflecting a marginal slowdown in core inflation pressures. According to data updated on January 7, 2026, the core inflation indicator eased to 2.3%, down from 2.4% recorded in November 2025.
This year-over-year comparison suggests that while inflation remains a key concern for the European Central Bank, the modest decrease indicates a minor easing of inflationary pressures excluding volatile components like food and energy. The trend is noteworthy for policymakers and investors as they gauge the overall inflation environment in the Euro Zone.
Economists will monitor these developments closely to ascertain whether this deceleration in core inflation could signal a longer-term trend or simply a temporary fluctuation, as the Euro Zone continues to balance its economic recovery with inflationary dynamics. The slight easing highlights the challenges faced by the region as it addresses complex economic conditions.
