Eurostat reported that annual inflation in the euro area fell to 1.7% in January 2026, down from 2.0% in December. The Harmonized Index of Consumer Prices (HICP) reflects methodological changes effective February 4, 2026, including updated classifications and expanded categories like games of chance under recreation services. Key components showed varied trends: services inflation remained highest at 3.2%, food, alcohol & tobacco rose to 2.7%, non-energy industrial goods increased slightly to 0.4%, while energy prices dropped sharply to -4.1%. The HICP reference period was updated to 2025=100. Full data for January 2026 will be released on February 25, 2026.
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https://ec.europa.eu/eurostat/product?code=2-04022026-ap
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