FX.co ★ Euro Zone Core CPI Eases to 2.2% in January, Extending Disinflation Trend

Core inflation in the Euro Zone edged lower at the start of 2026, with the Core Consumer Price Index (Core CPI) registering a 2.2% year-over-year increase in January. The latest reading, updated on 04 February 2026, compares to 2.3% in December 2025, confirming a modest but continued easing in underlying price pressures.

Measured on a year-over-year basis, the January figure reflects how prices excluding volatile components have evolved relative to January a year earlier, while the December reading captured the change versus December of the prior year. The slight decline from 2.3% to 2.2% suggests that core inflation in the currency bloc is gradually moving lower, a development likely to be closely watched by policymakers and financial markets assessing the trajectory of interest rates and broader monetary conditions in the Euro Zone.