FX.co ★ Euro Zone Inflation Holds Steady at 1.7% in January, Keeping ECB on Watch

Euro zone consumer price inflation remained unchanged in January 2026, with the year-over-year Consumer Price Index (CPI) holding at 1.7%. The latest reading, updated on 25 February 2026, matches the previous annual rate of 1.7% recorded in January 2026 under the same year-over-year comparison framework.

The data indicate that price pressures in the currency bloc neither accelerated nor eased compared with the prior annual reading, suggesting a period of relative price stability. On a year-over-year basis, the “actual” figure reflects January’s price changes against January a year earlier, while the “previous” figure did the same for the earlier reference month. With inflation still running below the European Central Bank’s typical medium-term target of “close to, but below, 2%,” the steady 1.7% reading keeps markets focused on how long the ECB may maintain its current policy stance.