FX.co ★ Euro Zone Core Inflation Steady at 2.2% in September, Signals Stable Price Pressures

Euro Zone inflation excluding energy and food (HICP ex Energy & Food) held steady at 2.2% year-over-year in September 2026, unchanged from the previous reading. Both the current and prior indicators for September 2026 registered the same annual rate, underscoring a stable core inflation backdrop in the currency bloc.

The data, updated on 16 October 2026, show that underlying price pressures remain contained on a yearly basis, with no acceleration or deceleration compared to the previous measurement. As this core gauge strips out the typically volatile energy and food components, its steady reading at 2.2% is likely to be closely watched by policymakers and markets as they assess the durability of inflation trends in the Euro Zone.