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Euro area inflation rises to 4.0% in October

Eurostat's flash estimate puts euro area annual inflation at 4.0% in October 2026, up from 3.8% in September. Energy prices were 20.8% higher than a year earlier.

By FTC Editorial TeamPublished 1 min read

Euro area annual inflation is expected to be 4.0% in October 2026, up from 3.8% in September, according to the flash estimate Eurostat published on 4 November 2026. Prices rose 0.4% on the month (Eurostat, 4 November 2026).

Euro area inflation rises to 4.0% in October — pip movement diagram
How a pip moves the exchange rate

Main components, annual rates (October flash, with September)

  • All items: 4.0% (3.8%)
  • Energy: 20.8% (18.9%)
  • Services: 3.3% (3.2%)
  • Food, alcohol and tobacco: 1.6% (1.3%)
  • Non-energy industrial goods: 1.2% (1.1%)
  • All items excluding energy, food, alcohol and tobacco: 2.5% (2.5%)
Euro area inflation rises to 4.0% in October — moving average crossover diagram
A fast moving average crossing a slower one

The largest economies

Eurostat's table gives these flash HICP rates for October: Germany 2.8%, France 3.8%, Italy 5.6% and Spain 4.9%. These are harmonised figures, so they can differ from the national CPI rates each statistics office publishes. The national figures are covered in Big four euro economies: inflation mixed in October.

Euro area inflation rises to 4.0% in October — central bank rate path diagram
A central bank's policy rate path across recent meetings

What comes next

The flash estimate is revised in the full release, which Eurostat has scheduled for 18 November 2026. The September rate was confirmed at 3.8% (final September figures). The ECB kept its rates unchanged on 29 October (ECB decision). For how inflation data move exchange rates, see how inflation moves currencies. Live prices: EUR/USD.

Sources

  1. Eurostat: Euro area annual inflation up to 4.0%, flash estimate October 2026, 4 November 2026

Common questions

What was euro area inflation in October 2026?

4.0% on the year in Eurostat's flash estimate of 4 November 2026, up from 3.8% in September.

What was euro area core inflation in October 2026?

Inflation excluding energy, food, alcohol and tobacco was 2.5%, unchanged from September, in the flash estimate.

When are the final October inflation figures due?

Eurostat has scheduled the full release for 18 November 2026.

This article is for information only and is not financial advice. Trading forex and CFDs carries a high risk of losing money. Read the risk warning. Spotted an error? Tell the editors.

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