Three-Year High: Inflation in the Eurozone Rises to 4%
The main reason is the surge in energy prices
In October 2026, consumer inflation in the Eurozone countries accelerated to 4.0% year-on-year, up from 3.8% in September. According to Eurostat's preliminary estimates, the recorded price growth rates became the highest since September 2023. On a monthly basis, the CPI increased by 0.4%.
Meanwhile, the core inflation rate (CPI Core)—excluding volatile food, alcohol, and energy prices—remained stable at 2.5% year-on-year, matching the previous month's figure.
Trends by Goods and Services Categories
Energy: Prices surged by 20.8% year-on-year (following 18.9% in September).
Services: Increased by 3.3% (compared to 3.2% the previous month).
Food, alcohol, and tobacco products: Growth reached 1.6% (up from 1.3% in September).
Industrial goods: Prices rose by 1.2% (compared to 1.1%).
Among the Eurozone countries, the highest price pressures were observed in Lithuania (6.1%), Bulgaria (6.0%), as well as Greece and Italy (both at 5.6%). The most moderate price growth rates were recorded in Malta (2.3%), Germany (2.8%), and Slovakia (2.9%).
Eurostat will release the revised and final statistical data for October on November 18.
