The Eurozone’s annual inflation rate was confirmed at 1.9% in February 2026, up from January’s 16‑month low of 1.7%. The increase was mainly driven by a marked acceleration in services inflation, which rose to 3.4% from 3.2%, and a pickup in non‑energy industrial goods inflation, which climbed to 0.7% from 0.4%. In contrast, inflation for food, alcohol, and tobacco edged down slightly to 2.5% from 2.6%. Energy prices continued to decline, though at a slower pace, falling 3.1% after a 4.0% drop in January. Core inflation—excluding energy, food, alcohol, and tobacco—rose to 2.4%, rebounding from January’s more than four‑year low of 2.2%.
Among the bloc’s largest economies, the Harmonised Index of Consumer Prices accelerated in France (1.1% vs. 0.4%), Spain (2.5% vs. 2.4%), and Italy (1.5% vs. 1.0%), while easing slightly in Germany (2.0% vs. 2.1%).
