Eurostat revised its preliminary estimate for eurozone year‑on‑year inflation in December down to 1.9% (from a previous 2.0%), while the EU average was 2.3%. The downward revision suggests softer price pressures at the end of the year and may feed into European Central Bank discussions on interest‑rate settings. Consumers and borrowers should watch whether lower inflation alters borrowing costs or indexation clauses on rents and contracts.
Eurostat trims euro‑area inflation estimate to 1.9%
Monday, 19 January 2026AI summary
Context & Explainers
Eurostat is the statistical office of the European Union that collects, harmonises and publishes data on inflation, employment, trade and other socio-economic indicators across EU countries. It reported the eurozone's year-on-year inflation at 1.9% in December 2025 (revising down from 2.0%) and 2.3% for the whole EU — data used by central banks and governments when setting policy.
The European Central Bank (ECB) is the central bank for the euro area responsible for setting interest rates, maintaining price stability and overseeing banking supervision across euro‑zone countries. The vice‑president is a senior policymaker at the ECB, so a nomination from Portugal would increase Portuguese influence on decisions that affect mortgages, savings and inflation across the euro area.
