FX.co ★ Euro Zone HICP Ex Energy and Food Remains Unchanged in September 2025

The Harmonized Index of Consumer Prices (HICP) for the Euro Zone, excluding energy and food, saw no alteration in September 2025, maintaining its stance at 0.1%. This stability follows the same monthly growth it exhibited in the preceding month. The latest insights into the HICP, updated as of October 17, 2025, have confirmed the stagnation for the month-over-month analysis within the region.

This month-over-month comparison suggests that the core inflation components—stripped of the more volatile energy and food sectors—remained flat throughout the last month. This could point to a period of economic steadiness or indicate a temporary pause in inflationary pressures within the Euro Zone's broader market.

For policymakers and economic analysts, this consistent figure presents both a comforting solidity and a question mark about potential future movements. With many external factors like geopolitical tensions and energy market fluctuations always in play, how long this stability will persist remains to be seen. Analysts and investors will be watching closely for future releases to gauge whether this steadiness hints at a longer-term trend.