The flash estimate of euro area HICP (the Harmonised Index of Consumer Prices) measures how fast consumer prices are rising year-on-year, the key inflation gauge the ECB watches when setting interest rates.
Source: EUROSTAT. Figures as released; revisions appear in the next print.
Forecast: Trading Economics' forecast where available, otherwise the market consensus.
Calendar data: Trading Economics; official figures from the publishing agency.
Euro Area Inflation Rate (HICP) for August 2026 came in at 3.3% versus 3.2% expected (previous 2.9%), above forecast.
How this print reads for the Euro
Above forecast by 0.1. For the EUR that reads as positive (higher is positive for this indicator). This is a rule-based read of the figure against forecast, not a record of how the EUR traded.
New to this release? See what Euro Area Inflation Rate (HICP) measures, the next release and its full history.