Zone euro Taux d'inflation 'Core'

The annual core inflation rate in the Euro Area, which excludes prices of food, energy, and tobacco, was at 2.4% for the second consecutive month in October of 2025, aligned with the preliminary estimate and slightly above initial market expectations of 2.3%. The core inflation rate in the bloc refrained from slowing since touching the near-four-year low of 2.3% in May of this year, aligned with the growing rhetoric by ECB Governing Council members that the central bank is unlikely to deliver more rate cuts under the current macroeconomic backdrop. From the previous month, the core consumer price index rose by 0.3%.