Forex Fundamentals
Euro Area Inflation Rate (HICP)

Euro Area Inflation Rate (HICP) 1 February 2023

Euro Area Inflation Rate (HICP) 1 February 2023: 8.5% for January 2023, below the 9% forecast and down from 9.2% in December 2022. It is the lowest reading since May 2022. It is the third release in a row below the forecast. Printed 8.5%, above the 2% target. It was released on Wed 1 Feb 2023 at 10:00 UTC.

These figures were verified on 4 Oct 2026 from the source: EUROSTAT. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
8.5%
January 2023
Forecast
9%
The market consensus
Previous
9.2%
As the source gives it

What a print like this usually does

Below the forecast: A clear miss or continued progress toward 2% usually weighs on the euro as markets price more scope for cuts. The reaction is strongest when core inflation also cools.

Euro Area Inflation Rate (HICP) 1 February 2023: 8.5% for January 2023 against a 9% forecast, with the last 12 releases
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Cite this release

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Euro Area Inflation Rate (HICP) 1 February 2023: 8.5% vs 9% forecast (EUROSTAT). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/eur-cpi/2023-02-01

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
1 Feb 2023Jan8.5%9%9.2%
6 Jan 2023Dec9.2%9.7%10.1%
30 Nov 2022Nov10%10.4%10.6%
31 Oct 2022Oct10.7%10.2%9.9%
30 Sep 2022Sep10%9.7%9.1%
31 Aug 2022Aug9.1%9%8.9%
29 Jul 2022Jul8.9%8.6%8.6%
1 Jul 2022Jun8.6%8.4%8.1%
31 May 2022May8.1%7.7%7.4%
29 Apr 2022Apr7.5%7.5%7.4%
1 Apr 2022Mar7.5%6.6%5.9%
2 Mar 2022Feb5.8%5.4%5.1%
The release before:Euro Area Inflation Rate (HICP) 6 January 2023The release after:Euro Area Inflation Rate (HICP) 2 March 2023Euro Area Inflation Rate (HICP): every recent resultThis week’s economic calendar