FX.co ★ Euro Zone Core Inflation (ex-Tobacco) Accelerates to 1.3% in March MoM

Core consumer prices in the Euro Zone, excluding tobacco, rose 1.3% month-over-month in March 2026, more than doubling the 0.6% increase recorded in February. The latest data, updated on 16 April 2026, highlight a notable pick-up in underlying price pressures across the bloc.

The comparison is based on month-over-month changes, with the March figure measured against February 2026, while the previous reading reflects the change in February relative to January. The stronger March print suggests that price momentum in core items—once tobacco is excluded—has intensified, an element that may be closely watched by policymakers assessing the durability of inflation trends in the Euro Zone.