FX.co ★ Euro Zone Core Inflation Ticks Up to 3.1% in May, Ending Deceleration Trend

Core consumer prices in the Euro Zone, as measured by the CPI excluding tobacco, rose 3.1% year-over-year in May 2026, slightly above the 3.0% annual increase recorded in April 2026. The latest figure, updated on 17 June 2026, suggests a modest re-acceleration in underlying price pressures after a period of gradual easing.

The data compare price changes in May 2026 with those in May 2025, while the previous reading compared April 2026 with April 2025. The uptick from 3.0% to 3.1% indicates that, despite prior signs of cooling, core inflation remains stickier than hoped, keeping attention focused on the Euro Zone’s price dynamics and the implications for monetary policy.