In a significant shift, the Euro Zone’s Harmonized Index of Consumer Prices (HICP) excluding energy and food saw a noticeable decline in growth for September 2025, with the indicator coming to rest at a modest 0.1% on a month-over-month basis. This marks a downturn from the preceding month of August 2025, where the index had previously recorded a higher change of 0.3%.
Updated data provided as of October 1, 2025, highlights the weakening in underlying inflation pressures within the Euro Zone. The decline in the core HICP may have wider implications for the monetary policy stance of the European Central Bank, which has been navigating the balance between countering inflationary pressures and fostering economic growth.
The reduced pace of core inflation may spur discussions among policymakers about the sustainability of inflation trends amid the backdrop of global economic uncertainties. As the Euro Zone grapples with these complexities, the current data release serves as a critical indicator of the evolving economic landscape within the region. Stakeholders and analysts alike will be closely monitoring forthcoming economic data to gauge future policy directions.
