Overview<\/p>\n
Euro area<\/strong> annual inflation is expected to be 2.0% in December 2025, down from 2.1% in November according to a flash estimate from Eurostat, the statistical office of the European Union<\/strong>.<\/p>\n Looking at the main components of euro area<\/strong> inflation, services is expected to have the highest annual rate in December (3.4%, compared with 3.5% in November), followed by food, alcohol & tobacco (2.6%, compared with 2.4% in November), non-energy industrial goods (0.4%, compared with 0.5% in November) and energy (-1.9%, compared with -0.5% in November).<\/p>\n Tables<\/p>\n Euro area annual inflation and its components (%)<\/p>\n<\/tr>\n Weights (\u2030)<\/strong><\/p>\n Annual rate<\/strong><\/p>\n Monthly rate<\/strong><\/p>\n<\/tr>\n 2025<\/strong><\/p>\n Dec 24<\/strong><\/p>\n Jul 25<\/strong><\/p>\n Aug 25<\/strong><\/p>\n Sep 25<\/strong><\/p>\n Oct 25<\/strong><\/p>\n Nov 25<\/strong><\/p>\n Dec 25<\/strong><\/p>\n Dec 25<\/strong><\/p>\n<\/tr>\n All-items HICP<\/strong><\/p>\n 1000.0<\/p>\n<\/td>\n 2.4<\/p>\n<\/td>\n 2.0<\/p>\n<\/td>\n 2.0<\/p>\n<\/td>\n 2.2<\/p>\n<\/td>\n 2.1<\/p>\n<\/td>\n 2.1<\/p>\n<\/td>\n 2.0e<\/strong><\/p>\n<\/td>\n 0.2e<\/p>\n<\/td>\n<\/tr>\n All-items excluding:<\/strong><\/p>\n energy<\/strong><\/p>\n 906.0<\/p>\n<\/td>\n 2.7<\/p>\n<\/td>\n 2.5<\/p>\n<\/td>\n 2.5<\/p>\n<\/td>\n 2.5<\/p>\n<\/td>\n 2.4<\/p>\n<\/td>\n 2.4<\/p>\n<\/td>\n 2.4e<\/strong><\/p>\n<\/td>\n 0.3e<\/p>\n<\/td>\n<\/tr>\n energy, unprocessed food<\/strong><\/p>\n 863.4<\/p>\n<\/td>\n 2.7<\/p>\n<\/td>\n 2.4<\/p>\n<\/td>\n 2.3<\/p>\n<\/td>\n 2.4<\/p>\n<\/td>\n 2.4<\/p>\n<\/td>\n 2.4<\/p>\n<\/td>\n 2.3e<\/strong><\/p>\n<\/td>\n 0.2e<\/p>\n<\/td>\n<\/tr>\n energy, food, alcohol & tobacco<\/strong><\/p>\n 712.8<\/p>\n<\/td>\n 2.7<\/p>\n<\/td>\n 2.3<\/p>\n<\/td>\n 2.3<\/p>\n<\/td>\n 2.4<\/p>\n<\/td>\n 2.4<\/p>\n<\/td>\n 2.4<\/p>\n<\/td>\n 2.3e<\/strong><\/p>\n<\/td>\n 0.3e<\/p>\n<\/td>\n<\/tr>\n Food, alcohol & tobacco<\/strong><\/p>\n 193.3<\/p>\n<\/td>\n 2.6<\/p>\n<\/td>\n 3.3<\/p>\n<\/td>\n 3.2<\/p>\n<\/td>\n 3.0<\/p>\n<\/td>\n 2.5<\/p>\n<\/td>\n 2.4<\/p>\n<\/td>\n 2.6e<\/strong><\/p>\n<\/td>\n 0.1e<\/p>\n<\/td>\n<\/tr>\n processed food, alcohol & tobacco<\/strong><\/p>\n 150.6<\/p>\n<\/td>\n 2.9<\/p>\n<\/td>\n 2.7<\/p>\n<\/td>\n 2.6<\/p>\n<\/td>\n 2.6<\/p>\n<\/td>\n 2.3<\/p>\n<\/td>\n 2.2<\/p>\n<\/td>\n 2.1e<\/strong><\/p>\n<\/td>\n -0.2e<\/p>\n<\/td>\n<\/tr>\n unprocessed food<\/strong><\/p>\n 42.7<\/p>\n<\/td>\n 1.6<\/p>\n<\/td>\n 5.4<\/p>\n<\/td>\n 5.5<\/p>\n<\/td>\n 4.7<\/p>\n<\/td>\n 3.2<\/p>\n<\/td>\n 3.2<\/p>\n<\/td>\n 4.2e<\/strong><\/p>\n<\/td>\n 0.8e<\/p>\n<\/td>\n<\/tr>\n Energy<\/strong><\/p>\n 94.0<\/p>\n<\/td>\n 0.1<\/p>\n<\/td>\n -2.4<\/p>\n<\/td>\n -2.0<\/p>\n<\/td>\n -0.4<\/p>\n<\/td>\n -0.9<\/p>\n<\/td>\n -0.5<\/p>\n<\/td>\n -1.9e<\/strong><\/p>\n<\/td>\n -0.8e<\/p>\n<\/td>\n<\/tr>\n Non-energy industrial goods<\/strong><\/p>\n 256.3<\/p>\n<\/td>\n 0.5<\/p>\n<\/td>\n 0.8<\/p>\n<\/td>\n 0.8<\/p>\n<\/td>\n 0.8<\/p>\n<\/td>\n 0.6<\/p>\n<\/td>\n 0.5<\/p>\n<\/td>\n 0.4e<\/strong><\/p>\n<\/td>\n -0.3e<\/p>\n<\/td>\n<\/tr>\n Services<\/strong><\/p>\n 456.5<\/p>\n<\/td>\n 4.0<\/p>\n<\/td>\n 3.2<\/p>\n<\/td>\n 3.1<\/p>\n<\/td>\n 3.2<\/p>\n<\/td>\n 3.4<\/p>\n<\/td>\n 3.5<\/p>\n<\/td>\n 3.4e<\/strong><\/p>\n<\/td>\n 0.7e<\/p>\n<\/td>\n<\/tr>\n e estimate<\/p>\n Source dataset: prc_hicp_manr<\/a> and prc_hicp_mmor<\/a><\/p>\n Inflation rates (%) measured by the HICP<\/p>\n<\/tr>\n Annual rate<\/strong><\/p>\n Monthly rate<\/strong><\/p>\n<\/tr>\n Dec 24<\/strong><\/p>\n Jul 25<\/strong><\/p>\n Aug 25<\/strong><\/p>\n Sep 25<\/strong><\/p>\n Oct 25<\/strong><\/p>\n Nov 25<\/strong><\/p>\n Dec 25<\/strong><\/p>\n Dec 25<\/strong><\/p>\n<\/tr>\n Belgium<\/strong><\/p>\n 4.4<\/p>\n<\/td>\n 2.6<\/p>\n<\/td>\n 2.6<\/p>\n<\/td>\n 2.7<\/p>\n<\/td>\n 2.5<\/p>\n<\/td>\n 2.6<\/p>\n<\/td>\n 2.2e<\/strong><\/p>\n<\/td>\n 0.3e<\/p>\n<\/td>\n<\/tr>\n Germany<\/strong><\/p>\n 2.8<\/p>\n<\/td>\n 1.8<\/p>\n<\/td>\n 2.1<\/p>\n<\/td>\n 2.4<\/p>\n<\/td>\n 2.3<\/p>\n<\/td>\n 2.6<\/p>\n<\/td>\n 2.0e<\/strong><\/p>\n<\/td>\n 0.2e<\/p>\n<\/td>\n<\/tr>\n Estonia<\/strong><\/p>\n 4.1<\/p>\n<\/td>\n 5.6<\/p>\n<\/td>\n 6.2<\/p>\n<\/td>\n 5.3<\/p>\n<\/td>\n 4.5<\/p>\n<\/td>\n 4.7<\/p>\n<\/td>\n 4.1e<\/strong><\/p>\n<\/td>\n -0.4e<\/p>\n<\/td>\n<\/tr>\n Ireland<\/strong><\/p>\n 1.0<\/p>\n<\/td>\n 1.6<\/p>\n<\/td>\n 1.9<\/p>\n<\/td>\n 2.7<\/p>\n<\/td>\n 2.8<\/p>\n<\/td>\n 3.1<\/p>\n<\/td>\n 2.7e<\/strong><\/p>\n<\/td>\n 0.6e<\/p>\n<\/td>\n<\/tr>\n Greece<\/strong><\/p>\n 2.9<\/p>\n<\/td>\n 3.7<\/p>\n<\/td>\n 3.1<\/p>\n<\/td>\n 1.8<\/p>\n<\/td>\n 1.6<\/p>\n<\/td>\n 2.8<\/p>\n<\/td>\n 2.9e<\/strong><\/p>\n<\/td>\n 0.2e<\/p>\n<\/td>\n<\/tr>\n Spain<\/strong><\/p>\n 2.8<\/p>\n<\/td>\n 2.7<\/p>\n<\/td>\n 2.7<\/p>\n<\/td>\n 3.0<\/p>\n<\/td>\n 3.2<\/p>\n<\/td>\n 3.2<\/p>\n<\/td>\n 3.0e<\/strong><\/p>\n<\/td>\n 0.3e<\/p>\n<\/td>\n<\/tr>\n France<\/strong><\/p>\n 1.8<\/p>\n<\/td>\n 0.9<\/p>\n<\/td>\n 0.8<\/p>\n<\/td>\n 1.1<\/p>\n<\/td>\n 0.8<\/p>\n<\/td>\n 0.8<\/p>\n<\/td>\n 0.7e<\/strong><\/p>\n<\/td>\n 0.1e<\/p>\n<\/td>\n<\/tr>\n Croatia<\/strong><\/p>\n 4.5<\/p>\n<\/td>\n 4.5<\/p>\n<\/td>\n 4.6<\/p>\n<\/td>\n 4.6<\/p>\n<\/td>\n 4.0<\/p>\n<\/td>\n 4.3<\/p>\n<\/td>\n 3.8e<\/strong><\/p>\n<\/td>\n -0.3e<\/p>\n<\/td>\n<\/tr>\n Italy<\/strong><\/p>\n 1.4<\/p>\n<\/td>\n 1.7<\/p>\n<\/td>\n 1.6<\/p>\n<\/td>\n 1.8<\/p>\n<\/td>\n 1.3<\/p>\n<\/td>\n 1.1<\/p>\n<\/td>\n 1.2e<\/strong><\/p>\n<\/td>\n 0.2e<\/p>\n<\/td>\n<\/tr>\n Cyprus<\/strong><\/p>\n 3.1<\/p>\n<\/td>\n 0.1<\/p>\n<\/td>\n 0.0<\/p>\n<\/td>\n 0.0<\/p>\n<\/td>\n 0.2<\/p>\n<\/td>\n 0.1<\/p>\n<\/td>\n 0.1e<\/strong><\/p>\n<\/td>\n -0.4e<\/p>\n<\/td>\n<\/tr>\n Latvia<\/strong><\/p>\n 3.4<\/p>\n<\/td>\n 3.9<\/p>\n<\/td>\n 4.2<\/p>\n<\/td>\n 4.2<\/p>\n<\/td>\n 4.3<\/p>\n<\/td>\n 3.8<\/p>\n<\/td>\n 3.5e<\/strong><\/p>\n<\/td>\n 0.0e<\/p>\n<\/td>\n<\/tr>\n Lithuania<\/strong><\/p>\n 1.9<\/p>\n<\/td>\n 3.4<\/p>\n<\/td>\n 3.6<\/p>\n<\/td>\n 3.7<\/p>\n<\/td>\n 3.7<\/p>\n<\/td>\n 3.6<\/p>\n<\/td>\n 3.2e<\/strong><\/p>\n<\/td>\n -0.2e<\/p>\n<\/td>\n<\/tr>\n Luxembourg<\/strong><\/p>\n 1.6<\/p>\n<\/td>\n 2.6<\/p>\n<\/td>\n 2.8<\/p>\n<\/td>\n 3.1<\/p>\n<\/td>\n 3.0<\/p>\n<\/td>\n 3.6<\/p>\n<\/td>\n 3.3e<\/strong><\/p>\n<\/td>\n -0.2e<\/p>\n<\/td>\n<\/tr>\n Malta<\/strong><\/p>\n 1.8<\/p>\n<\/td>\n 2.5<\/p>\n<\/td>\n 2.7<\/p>\n<\/td>\n 2.4<\/p>\n<\/td>\n 2.5<\/p>\n<\/td>\n 2.5<\/p>\n<\/td>\n 2.3e<\/strong><\/p>\n<\/td>\n -0.5e<\/p>\n<\/td>\n<\/tr>\n Netherlands<\/strong><\/p>\n 3.9<\/p>\n<\/td>\n 2.5<\/p>\n<\/td>\n 2.4<\/p>\n<\/td>\n 3.0<\/p>\n<\/td>\n 3.0<\/p>\n<\/td>\n 2.6<\/p>\n<\/td>\n 2.5e<\/strong><\/p>\n<\/td>\n 0.2e<\/p>\n<\/td>\n<\/tr>\n Austria<\/strong><\/p>\n 2.1<\/p>\n<\/td>\n 3.7<\/p>\n<\/td>\n 4.1<\/p>\n<\/td>\n 3.9<\/p>\n<\/td>\n 4.0<\/p>\n<\/td>\n 4.0<\/p>\n<\/td>\n 3.9e<\/strong><\/p>\n<\/td>\n 0.6e<\/p>\n<\/td>\n<\/tr>\n Portugal<\/strong><\/p>\n 3.1<\/p>\n<\/td>\n 2.5<\/p>\n<\/td>\n 2.5<\/p>\n<\/td>\n 1.9<\/p>\n<\/td>\n 2.0<\/p>\n<\/td>\n 2.1<\/p>\n<\/td>\n 2.4e<\/strong><\/p>\n<\/td>\n 0.0e<\/p>\n<\/td>\n<\/tr>\n Slovenia<\/strong><\/p>\n 2.0<\/p>\n<\/td>\n 2.9<\/p>\n<\/td>\n 3.0<\/p>\n<\/td>\n 2.7<\/p>\n<\/td>\n 3.1<\/p>\n<\/td>\n 2.4<\/p>\n<\/td>\n 2.6e<\/strong><\/p>\n<\/td>\n 0.1e<\/p>\n<\/td>\n<\/tr>\n Slovakia<\/strong><\/p>\n 3.2<\/p>\n<\/td>\n 4.6<\/p>\n<\/td>\n 4.4<\/p>\n<\/td>\n 4.6<\/p>\n<\/td>\n 3.9<\/p>\n<\/td>\n 3.9<\/p>\n<\/td>\n 4.1e<\/strong><\/p>\n<\/td>\n -0.3e<\/p>\n<\/td>\n<\/tr>\n Finland<\/strong><\/p>\n 1.6<\/p>\n<\/td>\n 1.9<\/p>\n<\/td>\n 2.2<\/p>\n<\/td>\n 2.2<\/p>\n<\/td>\n 1.4<\/p>\n<\/td>\n 1.5<\/p>\n<\/td>\n 1.8e<\/strong><\/p>\n<\/td>\n 0.4e<\/p>\n<\/td>\n<\/tr>\n e estimate<\/p>\n Source dataset: prc_hicp_manr<\/a> and prc_hicp_mmor<\/a><\/p>\n Notes for users The euro area inflation flash estimate is issued at the end of each reference month.<\/p>\n The complete set of harmonised indices of consumer prices (HICP) for the euro area, EU and Member States is released around the middle of the month following the reference month.<\/p>\n The next release with full data for December 2025 is scheduled for 19 January 2026.<\/p>\n Methods and definitions<\/p>\n Annual inflation<\/strong> is the price change of consumer goods and services between the current month and the same month of the previous year. Monthly inflation <\/strong>is the price change between the current month and the previous month.<\/p>\n Geographical information<\/p>\n The euro area<\/strong> consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.<\/p>\n The euro area data refer to the country composition at a specific point in time. Changes in the composition of the euro area are incorporated using a chain index formula.<\/p>\n For more information<\/p>\n","protected":false},"excerpt":{"rendered":"Pre-announcement: upcoming changes to the HICP As of 4 February 2026, several methodological changes will take effect in…\n","protected":false},"author":2,"featured_media":680137,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,115372,206353,165981,16,15],"class_list":{"0":"post-680136","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-economy-and-finance","11":"tag-ei_cp","12":"tag-hicp","13":"tag-uk","14":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115854418174268748","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/680136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=680136"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/680136\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/680137"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=680136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=680136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=680136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Euro](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2026\/01\/2-07012026-ap-en-image-0001.png\" "\\"Euro")
<\/p>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n ![](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2026\/01\/eurostat.png\"\/)
<\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/p>\n<\/td>\n<\/tr>\n
\n Revisions and timetable<\/p>\n