Low importanceEUEUR · Inflation · 16 Oct 2026 · 05:00 ET · released

Euro area inflation rate, year on year (Sep)

Actual
3.8%
Forecast
3.8%
Previous
3.2%

Below 3.75%In line 3.75% to 3.85%Above 3.85%

▏Forecast 3.8%○ Previous 3.2%● Actual 3.8%

In line with its usual range3.75% to 3.85%: the playbook gives no direction for an in-line print.

What moved

  • EUR/USD+0.14%
  • EUR/GBP−0.03%
  • EUR/JPY+0.10%

EUR/USD, EUR/GBP and EUR/JPY from the hour before to the hour after (04:00 → 06:00 ET), from 1-hour bars. Timing, not cause: other news lands in the same window.

At the same minute

  • High importanceInflation Rate (Sep)104.31 vs 104.3Above its usual range EUR up
  • Medium importanceBalance of Trade (Aug)−16.1B vs 14.7BBelow its usual range
  • Low importanceCPI n.s.a (Sep)104.31 vs 104.3Above its usual range EUR up
  • Low importanceCore Inflation Rate MoM (Sep)0.2% vs 0.2%In line with its usual range
  • Low importanceCore Inflation Rate YoY (Sep)2.5% vs 2.5%In line with its usual range
  • Low importanceHarmonised Inflation Rate MoM (Sep)0.2% vs 0.2%In line with its usual range
  • Low importanceHarmonised Inflation Rate YoY (Sep)2.2% vs 2.2%In line with its usual range
  • Low importanceInflation Rate MoM (Sep)0.6% vs 0.6%In line with its usual range

The levelsMeasured from its last 12 prints

BelowBelow 3.75%EUR down
EUR/USD down EUR/GBP down EUR/JPY down
In line3.75% to 3.85%Limited follow-throughLanded here
AboveAbove 3.85%EUR up
EUR/USD up EUR/GBP up EUR/JPY up

In line is the forecast ± how far this series usually lands from it (median miss 0.05%). Above or below that is a genuine surprise. EUR up or down is the playbook’s mapping for this release; the pairs show how each quote moves when EUR does. Arithmetic, not a forecast.

Its own historyLast 13 prints vs the forecast before each: 2 above · 7 in line · 4 below

1.39%2.07%2.75%3.43%4.12%Nov ’25Jan ’26Mar ’26Apr ’26Jun ’26Aug ’26Oct ’26

— Forecast before the print● Actual

Release history

ReleasedPeriodForecastActualPosition
16 Oct 2026Sep3.8%3.8%In line with forecast
17 Sep 2026Aug3.3%3.2%Below forecast
19 Aug 2026Jul2.9%2.9%In line with forecast
1 Jul 2026Jun3%2.8%Below forecast
2 Jun 2026May3.2%3.2%In line with forecast
20 May 2026Apr3%3%In line with forecast
30 Apr 2026Apr2.9%3%Above forecast
31 Mar 2026Mar2.6%2.5%Below forecast
18 Mar 2026Feb1.9%1.9%In line with forecast
25 Feb 2026Jan1.7%1.7%In line with forecast
19 Jan 2026Dec2%1.9%Below forecast
2 Dec 2025Nov2.1%2.2%Above forecast