Data from December 2025. Extracted on 19 January 2026

Next planned article update: 4 February 2026

Inflation in the euro area

Print this page
Skip to the content

Data from December 2025. Extracted on 19 January 2026

Next planned article update: 4 February 2026

Highlights

Euro area annual inflation was 1.9% in December 2025, down compared to November 2025.

Line chart with five lines showing the development of euro area annual inflation and its four main components monthly during the last two years until December 2025. The four components are: 1) food, alcohol and tobacco, 2) energy, 3) non-energy industrial goods, and 4) services. For more details, please use the link to the source dataset code below the image.
Euro area annual inflation and its main components, December 2015-December 2025 (estimated)
Source: Eurostat prc_hicp_manr

The figures presented in this article are based on euro area Harmonised Index of Consumer Prices (HICP) available on 19 January 2026.

As of 4 February 2026, several methodological changes will take effect in the HICP. The index will be compiled according to the new European Classification of Individual Consumption According to Purpose version 2, aligned with the UN COICOP 2018 classification. Games of chance will be included in the HICP as part of Recreation services under the division of Recreation, sport and culture. The index reference period will also be updated to 2025=100.


Euro area annual inflation rate and its main components

Euro area annual inflation was 1.9% in December 2025, down compared to November 2025. Looking at the main components of euro area inflation, services had the highest annual rate in December (3.4%, compared with 3.5% in November), followed by food, alcohol & tobacco (2.5%, compared to 2.4% in November), non-energy industrial goods (0.4%, compared to 0.5% in November) and energy (-1.9%, compared with -0.5% in November).

Table on the euro area annual inflation and its main components. The ten rows show the following items: 1) all-items, 2) all-items excluding energy, 3) all-items excluding energy and unprocessed food, 4) all-items excluding energy, food, alcohol and tobacco, 5) food, alcohol and tobacco, 6) processed food, alcohol and tobacco, 7) unprocessed food, 8) energy, 9) non-energy industrial goods, and 10) services. Data is shown in eight columns: first, the item group's weight in 2025 in per mil, followed by the euro area annual inflation in the month of December 2024 and finally one column per month for the six months from July 2025 to December 2025. For more details, please use the links to the source datasets codes below the image.
Table 1: Euro area annual inflation and its main components: weights for 2025 and rates for December 2024 and July-December 2025
Source: Eurostat prc_hicp_inw and prc_hicp_manr


Line chart with five lines showing the development of euro area annual inflation and its four main components monthly during the last ten years until December 2025. The four components are: 1) food, alcohol and tobacco, 2) energy, 3) non-energy industrial goods, and 4) services. For more details, please use the link to the source dataset code below the image.
Figure 1: Euro area annual inflation and its main components, December 2015-December 2025 (estimated)
Source: Eurostat prc_hicp_manr


Line chart with five lines showing the development of euro area annual inflation and its four main components monthly during the last two years until December 2025. The four components are: 1) food, alcohol and tobacco, 2) energy, 3) non-energy industrial goods, and 4) services. For more details, please use the link to the source dataset code below the image.
Figure 2: Euro area annual inflation and its main components, December 2023-December 2025 (estimated)
Source: Eurostat prc_hicp_manr

Main components of inflation

Each of the main components contributes in varying degrees to the headline inflation in the euro area. In terms of weights for 2025, 100% for the headline HICP, services is the largest component, accounting for around 45.7% of household final monetary consumption expenditure in the euro area. It is followed by non-energy industrial goods with around 25.6%.

Food, alcohol & tobacco and energy account for 19.3% and 9.4%, respectively. Together, they comprise less than one third of euro area expenditure, but they can have significant impacts on the headline inflation as their prices tend to fluctuate significantly more than the other components.

The weights of the main components of the euro area for 2025 are presented in Figure 3. Table 2 shows their relative weights for 2025.

Pie chart showing the weights of the four main components of the euro area HICP in 2025.
Figure 3: Weights of the main components of the euro area HICP - 2025
Source: Eurostat prc_hicp_inw


Table on the weights of all-items, of the four main components and of 15 of their subcomponents of the euro area HICP in 2025.
Table 2: Weights of the components of the euro area HICP - 2025
Source: Eurostat prc_hicp_inw

Explore further

Other articles


Database
HICP - monthly data (index) (prc_hicp_midx)
HICP - monthly data (annual rate of change) (prc_hicp_manr)
HICP - monthly data (monthly rate of change) (prc_hicp_mmor)
HICP - item weights (prc_hicp_inw)
HICP - contributions to EA annual inflation (in percentage points) (prc_hicp_ctrb)


Thematic section


Publications


Methodology


Legislation


Visualisation
Retrieved from "https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Inflation_in_the_euro_area&oldid=697704"