What gets published
Euro area all-items HICP — confirms or revises the 29 November flash estimate.
Individual HICP rates for all 20 euro-area member states.
Food, energy, services, non-energy industrial goods — with contributions in percentage points.
HICP excluding energy and unprocessed food — the ECB's key underlying inflation measure.
How to read it
The flash estimate (released ~30 days after the reference month) is based on partial country data and covers only headline and broad components. The final (released ~45 days after) adds all 20 country rates, full category breakdown, and exact component contributions. Revisions to the flash are usually small (±0.1 pp) but matter when the rate is very close to the 2% target.
HICP →The euro-area aggregate conceals wide member-state variation. Countries with high energy import dependence (Germany, Italy) see larger swings from energy prices. Countries with tight housing markets (Netherlands, Austria) show elevated services inflation. The country table reveals which members are contributing most to the aggregate trend.
Headline inflation →A 2.3% headline can be driven very differently: if energy is contributing −0.5 pp and services +1.5 pp, underlying pressure is strong. If energy is +0.5 pp and services +0.5 pp, underlying pressure is more contained. Always look at the contribution table, not just the rate.
Contribution →On the day
DEC 2026 · times in UTCFull November data with all 20 country rates and category breakdown.
Explorer updated with confirmed November rate and country-level context.
ECB meeting concluded 12 Dec; final data provides retrospective validation of December rate decision.
What the final country breakdown tells us about euro-area disinflation breadth.