FX.co ★ Euro Zone Core Inflation Inches Up to 0.8% in April Month-on-Month

Core inflation in the Euro Zone, measured by the Harmonised Index of Consumer Prices excluding energy and food (HICP ex Energy and Food), edged higher to 0.8% month-on-month in April 2026, up from 0.7% in the previous reading. The data, updated on 20 May 2026, indicate a modest acceleration in underlying price pressures within the currency bloc.

The “actual” April figure reflects the change in prices from March to April 2026, while the “previous” 0.7% reading captured the change from February to March 2026. The slight uptick in the core rate suggests that, even after stripping out the more volatile energy and food components, price dynamics in the Euro Zone remain on a gently rising trajectory. Investors and policymakers will be watching subsequent releases closely for signs of whether this firming in core inflation will persist.