FX.co ★ Euro Zone Core Prices Edge Higher in September, Signaling Firming Inflation Trend

Core consumer prices in the Euro Zone, measured by the CPI excluding tobacco, accelerated on a month-over-month basis in September 2026, pointing to a modest firming in underlying inflation pressures across the currency bloc. According to data updated on 16 October 2026, the indicator rose 0.6% in September, up from a 0.4% increase recorded in August 2026.

The data are presented on a month-over-month basis, meaning the September figure reflects the change compared with August, while the August reading is measured against July. The step-up from 0.4% to 0.6% suggests that core price growth excluding tobacco has gained some momentum as the third quarter drew to a close, a development likely to be closely watched by policymakers and investors tracking the Euro Zone’s inflation trajectory.