Inflation in the Euro area reached 3.8% in September 2026, up from 3.2% in August, according to European Central Bank (ECB) estimates. Values vary, with Lithuania leading at 6.1%, followed by Bulgaria (5.6%) and Luxembourg and Cyprus at 5.2%. Malta recorded the lowest increase at 2.4%. Energy is the main driver, with prices rising 18.9% in September as the war in the Middle East halted liquefied natural gas production, fuelled gas-price volatility and sent the global energy market into shock. In response, the EU proposed several measures, including AccelerateEU, to strengthen energy resilience. Member states have introduced targeted relief measures, such as electricity price caps and energy vouchers, and lower fuel excise duties.
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