The Euro Zone’s Harmonised Index of Consumer Prices (HICP) excluding energy and food was unchanged on a month-over-month basis in September, holding at 0.2%. According to data updated on 16 October 2026, the core inflation measure rose 0.2% compared with August, matching the 0.2% increase recorded in the previous month.
The stability of the HICP ex energy and food suggests that underlying price pressures in the bloc neither accelerated nor eased between August and September on a monthly basis. With the actual figure mirroring the prior month’s pace, the data indicate a pause in short-term core inflation momentum, offering policymakers a consistent—if cautious—signal on the evolution of underlying price dynamics in the Euro Zone.
