Python’s many ways of string formatting — are the older ones (going to be) deprecated?

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The new .format() method is meant to replace the old % formatting syntax. The latter has been de-emphasised, (but not officially deprecated yet). The method documentation states as much:

This method of string formatting is the new standard in Python 3, and should be preferred to the % formatting described in String Formatting Operations in new code.

(Emphasis mine).

To maintain backwards compatibility and to make transition easier, the old format has been left in place for now. From the original PEP 3101 proposal:

Backwards Compatibility

Backwards compatibility can be maintained by leaving the existing
mechanisms in place. The new system does not collide with any of
the method names of the existing string formatting techniques, so
both systems can co-exist until it comes time to deprecate the
older system.

Note the until it comes time to deprecate the older system; it hasn’t been deprecated, but the new system is to be used whenever you write new code.

The new system has as an advantage that you can combine the tuple and dictionary approach of the old % formatter:

"{greeting}, {0}".format(world, greeting='Hello')

and is extensible through the object.__format__() hook used to handle formatting of individual values.

Note that the old system had % and the Template class, where the latter allows you to create subclasses that add or alter its behaviour. The new-style system has the Formatter class to fill the same niche.

Python 3 has further stepped away from deprecation, instead giving you warning in the printf-style String Formatting section:

Note: The formatting operations described here exhibit a variety of quirks that lead to a number of common errors (such as failing to display tuples and dictionaries correctly). Using the newer formatted string literals or the str.format() interface helps avoid these errors. These alternatives also provide more powerful, flexible and extensible approaches to formatting text.

Python 3.6 also added formatted string literals, which in-line the expressions into the format strings. These are the fastest method of creating strings with interpolated values, and should be used instead of str.format() wherever you can use a literal.

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