FX.co ★ Euro Zone Core Inflation Inches Down to 2.1% in April, Easing from 2.2%

Core inflation in the Euro Zone, measured by the Harmonised Index of Consumer Prices excluding energy and food (HICP ex Energy & Food), edged down to 2.1% year-over-year in April 2026, from 2.2% previously. The data, updated on 20 May 2026, show a slight moderation in underlying price pressures compared with the prior reading.

Both the current and previous figures are based on annual comparisons, assessing April 2026 against the same month a year earlier, and the prior reading against its respective month a year before. The marginal decline suggests that while core inflation remains close to the 2% level, underlying price dynamics in the Euro Zone are showing tentative signs of easing.