Annual inflation across the Euro area eased further in January 2026, with consumer prices rising by 1.7 % compared with the same month a year earlier, down from 2.0 % in December 2025, according to the latest figures published by Eurostat. The decline marks the lowest headline rate since late 2024 and reflects moderating price pressures across most sectors in line with ECB targets.
Energy prices remained in decline, while services and food inflation continued to exert upward pressure. The data also accounts for methodological changes under the updated HICP classification and the figures for December have also been revised.
The National Statistics Office reported that Malta’s Harmonised Index of Consumer Prices (HICP) eased to 2.3 %, down from 2.5 % in December. Inflation in Malta also trended slightly down but it still higher than Euro-average.
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