VG Markets Download Now

Eurozone flash HICP rises faster by 3.8% YoY in September, beats 3.6% estimates

Eurozone flash HICP rises faster by 3.8% YoY in September, beats 3.6% estimates

Eurozone’s preliminary Harmonized Index of Consumer Prices (HICP) data for September arrives at 3.8% Year-on-Year (YoY), higher than 3.6% estimates and August’s final reading reading of 3.2%. On a monthly basis, inflationary pressures grew at a faster pace of 0.6% against the prior release of 0.4%.

The core HICP – which excludes volatile components like food, energy, alcohol, and tobacco – rises by 2.5% YoY, as expected, faster than the previous reading of 2.4%. Month-on-month core HICP grew steadily by 0.2%.

Market reaction

No significant movement is seen in the Euro (EUR) after the Eurozone HICP data release. As of writing, EUR/USD is up 0.1% to near 1.1250.

Economic Indicator

Harmonized Index of Consumer Prices (YoY)

The Harmonized Index of Consumer Prices (HICP) measures changes in the prices of a representative basket of goods and services in the European Monetary Union. The HICP, released by Eurostat on a monthly basis, is harmonized because the same methodology is used across all member states and their contribution is weighted. The YoY reading compares prices in the reference month to a year earlier. Generally, a high reading is seen as bullish for the Euro (EUR), while a low reading is seen as bearish.

Read more.

Last release: Fri Oct 02, 2026 09:00 (Prel)

Frequency: Monthly

Actual: 3.8%

Consensus: 3.6%

Previous: 3.2%

Source: Eurostat