Euro zone consumer price growth slowed markedly in August 2026, with the month‑over‑month Consumer Price Index (CPI) easing to 0.4%, down from 2.9% in the previous month‑on‑month reading. The latest data, updated on 17 September 2026, reflects a significant loss of inflation momentum across the currency bloc.
Both the current and previous indicators relate to August 2026, but measure different comparison periods: the newly released figure shows how prices in August changed versus July, while the earlier 2.9% reading captured the change in the prior month compared with its preceding month. The steep deceleration from 2.9% to 0.4% on a month‑over‑month basis suggests that the price surge seen earlier has cooled considerably, pointing to a more moderate inflation environment in the euro area as the third quarter progresses.
