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Italy Inflation Rate Rises to Over 2-Year High
The Italian headline inflation rate rose to 3.2% in May of 2026 from 2.7% in the previous month, aligning with the market consensus to mark the highest inflation rate since September of 2023. The increase was consistent with that from other large Eurozone economies as tight oil an gas supply since the outbreak of war in the Middle East lifted price growth across energy importers. Prices accelerated for both non-regulated energy (12.6% vs 9.6% in April) and regulated energy prices (5.8% vs 5.3%). Likewise, inflation was higher for transportation services (1.8% vs 0.6%) and recreational and cultural services (3% vs 2.6%). Core inflation, which excludes food and energy prices, rose to 1.8% from 1.6% in the earlier period. From the previous month, the Italian CPI rose by 0.4%, slowing from the 1.1% increase in April.
Published on 2026-05-29

Italy Inflation Accelerates in April
Italy’s annual inflation rate accelerated sharply to 2.7% in April 2026, up from 1.7% in March and just below the preliminary estimate of 2.8%. This marks the highest level since 2023, driven largely by a strong rebound in energy prices (9.2% versus -2.1%), in both regulated (9.6% versus -2%) and unregulated (5.3% versus -1.6%). Goods inflation accelerated to 3.1% from 0.8% in March, supported by faster growth in unprocessed food prices (5.9% versus 4.7%). In contrast, services inflation slowed (2.4% versus 2.8%), reflecting slower price increases for recreational, cultural, and personal care services (2.6% versus 3%) and transports (0.6% versus 2.2%). Meanwhile, annual core inflation slowed to 1.9% from 2.1%. Harmonized inflation (HIPC) accelerated (2.8% versus 1.6%). On a monthly basis, consumer prices rose 1.1%, slightly below estimates of a 1.2% rise but up notably from 0.5% in March, marking the strongest monthly increase since October 2022.
Published on 2026-05-15

Italy Inflation Rate Hits 2023-Highs
Italy’s annual inflation rate rose sharply to 2.8% in April 2026, up from 1.7% in March and above market expectations, according to preliminary estimates. This marking the highest level since 2023, as increasing energy prices reflect Italy’s reliance on imported gas for electricity and heating, with prices rebounding for both unregulated (9.9% vs -2%) and regulated (5.7% vs -1.6%). Goods prices surged (3.2% versus 0.8%), as unprocessed food inflation accelerated to 6% from 4.7%. Services' inflation slowed (2.4% vs 2.8%), easing for recreational, cultural and personal care services (2.6% vs 3%) and transportation (0.5% vs 2.2%). In contrast, housing-related inflation edged up (2.5% vs 2.2%). Core inflation, which excludes energy and fresh food, eased to 1.6% from 1.9%, while inflation excluding energy alone slowed less to 2% from 2.1%. The HIPC increased 2.9% year-on-year and 1.7% month-on-month. On a monthly basis, consumer prices increased 1.2%, the highest level since October 2022.
Published on 2026-04-30

Italy March Inflation Confirmed at 1.7%
Italy’s annual inflation rate rose to 1.7% in March 2026 from 1.5% in February, confirming the preliminary estimate. This marks the highest reading since July last year, driven mainly by energy, with regulated energy easing less sharply (-1.6% vs -11.6% in February) and unregulated energy also declining more slowly (-2.0% vs -6.2%). Services inflation also slowed notably (2.8% vs 3.6%), including recreational, cultural, and personal care (3.0% vs 4.9%) and transport services (2.2% vs 2.9%). Meanwhile, inflation for unprocessed food accelerated (4.7% vs 3.7%). On a monthly basis, consumer prices rose 0.5%, slowing from a 0.7% increase in February. Core inflation, which excludes energy and fresh food, eased to 1.9% from 2.4%, while inflation excluding energy alone slowed to 2.1% from 2.5%. The HICP increased 1.6% year-on-year and 1.7% month-on-month.
Published on 2026-04-16

Italy March Inflation Confirmed at 1.7%
Italy’s annual inflation rate rose to 1.7% in March 2026 from 1.5% in February, confirming the preliminary estimate. This marks the highest reading since July last year, driven mainly by energy, with regulated energy easing less sharply (-1.6% vs -11.6% in February) and unregulated energy also declining more slowly (-2.0% vs -6.2%). Inflation for unprocessed food also accelerated to 4.7% from 3.7% previously. Meanwhile, services inflation slowed notably (2.8% vs 3.6%), including recreational, cultural, and personal care (3.0% vs 4.9%) and transport services (2.2% vs 2.9%). On a monthly basis, consumer prices rose 0.5%, slowing from a 0.7% increase in February. Core inflation, which excludes energy and fresh food, eased to 1.9% from 2.4%, while inflation excluding energy alone slowed to 2.1% from 2.5%. The HICP increased 1.6% year-on-year and 1.7% month-on-month.
Published on 2026-04-16

Italy Inflation Climbs to 8-Month High
Italy’s annual inflation rate rose to 1.7% in March 2026 from 1.5% in February, slightly below expectations of 1.8%. This marked the highest reading since July last year, largely driven by a slower decline in energy prices, with regulated energy falling less sharply (-1.3% vs -11.6% in February) and unregulated energy also easing its drop (-2.4% vs -6.2%). Meanwhile, inflation for unprocessed food accelerated to 4.4% from 3.7%. In contrast, services inflation slowed to 2.8% from 3.6%, reflecting weaker price growth in recreational, cultural, and personal care services (3.0% vs 4.9%), transport services (2.4% vs 2.8%), and housing-related services (4.2% vs 4.5%). Core inflation, which excludes energy and fresh food, eased to 1.9% from 2.4%, while inflation excluding energy alone slowed to 2.1% from 2.5%. On a monthly basis, consumer prices rose 0.5%, following a 0.7% gain in February. The HICP increased 1.5% year-on-year and 1.6% month-on-month.
Published on 2026-03-31

Italy Inflation Climbs to 8-Month High
Italy’s annual inflation rate rose to 1.7% in March 2026 from 1.5% in February, slightly below expectations of 1.8%, preliminary estimates showed. This marked the highest reading since July last year, largely driven by a slower decline in energy prices, with regulated energy falling less sharply (-1.3% vs -11.6% in February) and unregulated energy also easing its drop (-2.4% vs -6.2%). Meanwhile, inflation for unprocessed food accelerated to 4.4% from 3.7%. In contrast, services inflation slowed to 2.8% from 3.6%, reflecting weaker price growth in recreational, cultural, and personal care services (3.0% vs 4.9%), transport services (2.4% vs 2.8%), and housing-related services (4.2% vs 4.5%). Core inflation, which excludes energy and fresh food, eased to 1.9% from 2.4%, while inflation excluding energy alone slowed to 2.1% from 2.5%. On a monthly basis, consumer prices rose 0.5%, following a 0.7% gain in February. The HICP increased 1.5% year-on-year and 1.6% month-on-month.
Published on 2026-03-31

Italy February Inflation Revised Down to 1.5%
Italy’s annual inflation rate accelerated to 1.5% in February 2026 from 1.0% in January, slightly below the preliminary estimate of 1.6%. This marked the highest reading since late September, as services inflation picked up to 3.6% from 2.5% in January, led by faster price growth in transport-related services (2.9% vs 0.7% in January) and recreational, cultural, and personal care (4.9% vs 3%). Meanwhile, energy prices continued to decline, with regulated energy down 11.6% and unregulated energy falling 6.2%. Goods prices remained slightly negative, unchanged at -0.2% from January. On a monthly basis, consumer prices increased 0.7%, revised down from the initial 0.8% estimate but up from 0.4% in January, supported by higher costs for tobacco, services, transport, and unprocessed food. Core inflation, excluding energy and fresh food, rose to 2.4%, while inflation excluding energy alone increased to 2.5%. The HICP rose 1.5% year-on-year and 0.5% month-on-month.
Published on 2026-03-17

Italy Inflation Rate Accelerates to 1.6%
Italy’s annual inflation rate accelerated to 1.6% in February 2026 from 1.0% in January, preliminary estimates showed. This marks the highest reading since late September, mainly driven by higher prices for recreational, cultural, and personal care services, transport-related services (+3.0%), and unprocessed food (+3.6%), while processed food rose more modestly (+1.7%). Meanwhile, costs declined for energy, both regulated (-11.3%) and unregulated (-6.2%), contributing to a moderating effect. Goods prices remained slightly down (-0.2%), whereas services rose 3.6%. On a monthly basis, consumer prices increased 0.8%, the largest gain since October 2022, pushed by higher costs for tobacco (+3.3%), services for recreation and personal care (+2.1%), transport services (+2.0%), and unprocessed food (+1.1%). Core inflation, excluding energy and fresh food, rose to 2.4%, while inflation excluding energy alone climbed to 2.5%. The HICP rose 1.6% year-on-year and 0.6% month-on-month.
Published on 2026-03-03

Italy’s January Inflation Confirmed at 1%
Italy’s annual inflation rate eased to 1.0% in January 2026 from 1.2% in December, confirming preliminary estimates. This marked the lowest reading since October 2024, following the implementation of the ECOICOP version 2 classification and the update of the consumer price reference base to 2025=100. Goods prices declined by 0.2% year on year, while food prices rose 1.9%, with unprocessed items up 2.5% and processed items up 1.9%. Costs also increased for housing-related services (+4.4%), tobacco (+3.3%), and recreational, cultural, and personal care services (+3.0%). Services prices continued to rise by 2.5%. Core inflation, excluding energy and fresh food, remained steady at 1.7%, while the measure excluding energy alone stood at 1.9%. On a monthly basis, consumer prices increased 0.4%, following a 0.2% gain in December. The EU-harmonized inflation rate also eased modestly to 1.0% in January 2026, down from 1.2% in the previous month.
Published on 2026-02-23

Italy’s January Inflation Confirmed at 1%
Italy’s annual inflation rate eased to 1.0% in January 2026 from 1.2% in December, confirming preliminary estimates. This marked the lowest reading since October 2024, following the implementation of the ECOICOP version 2 classification and the update of the consumer price reference base to 2025=100. Goods prices declined by 0.2% year on year, while food prices rose 1.9%, with unprocessed items up 2.5% and processed items up 1.9%. Costs also increased for housing-related services (+4.4%), tobacco (+3.3%), and recreational, cultural, and personal care services (+3.0%). Services prices continued to rise by 2.5%. Core inflation, excluding energy and fresh food, remained steady at 1.7%, while the measure excluding energy alone stood at 1.9%. On a monthly basis, consumer prices increased 0.4%, following a 0.2% gain in December. The EU-harmonized inflation rate also eased to 1.0% in January 2026 from 1.2% in December.
Published on 2026-02-23

Italy’s January Inflation Confirmed at 1%
Italy’s annual inflation rate eased to 1.0% in January 2026 from 1.2% in December, confirming preliminary estimates. This marked the lowest reading since October 2024, following the implementation of the ECOICOP version 2 classification and the update of the consumer price reference base to 2025=100. Goods prices declined by 0.2% year on year, while food prices rose 1.9%, with unprocessed items up 2.5% and processed items up 1.9%. Costs also increased for housing-related services (+4.4%), tobacco (+3.3%), and recreational, cultural, and personal care services (+3.0%). Services prices continued to rise by 2.5%. Core inflation, excluding energy and fresh food, remained steady at 1.7%, while the measure excluding energy alone stood at 1.9%. On a monthly basis, consumer prices increased 0.4%, following a 0.2% gain in December. The EU-harmonized inflation rate also eased to 1.0% in January 2026 from 1.2% in December.
Published on 2026-02-23

Italian Inflation Rate Hits 15-Month Low
Italy’s annual inflation rate edged down to 1% in January 2026 from 1.2% in the previous month, in line with market expectations, preliminary estimates showed. It marked the lowest reading since October 2024, following the adoption of the ECOICOP version 2 classification and a new 2025=100 reference base for consumer prices. Prices for food products rose at a faster pace, supported by both unprocessed (2.5%) and processed (2.2%) items. Costs also accelerated for housing-related services (4.4%), tobacco (3.3%), and recreational, cultural, and personal care services (3%). On a monthly basis, consumer prices increased marginally to 0.4%, from 0.2% in December, matching market expectations. The core inflation rate, which excludes energy and fresh food, held steady at 1.8%, while the measure excluding energy alone was 1.9%. The EU-harmonized inflation rate eased slightly to 1% in January 2026, from 1.2% in the previous month.
Published on 2026-02-04

Italy December Inflation Confirmed at 1.2%
The annual inflation rate in Italy edged higher to 1.2% in December 2025 from 1.1% in the previous month, in line with preliminary estimates and initial market expectations. Price growth accelerated for transport services (2.6% vs 0.9% in November), unprocessed food (2.3% vs 1.1%), and miscellaneous services (2.2% vs 2%). On the other hand, inflation slowed for non-durable goods (0.6% vs 1%) and recreational, cultural, and personal care services (2.7% vs 3%), while costs declined sharply for regulated energy prices (-5.2% vs -3.2%). Meanwhile, core inflation stood at 1.7% in December, unchanged from the previous month. On a monthly basis, consumer prices rose 0.2%, rebounding from a 0.2% fall in November and matching preliminary estimates and market expectations. The harmonised consumer prices increased 1.2% year-on-year, and grew 0.2% on a monthly basis.
Published on 2026-01-16

Italian Inflation Rate Inches Higher
The annual inflation rate in Italy rose to 1.2% in December of 2025 from the 13-month low of 1.1% in November, slightly ahead of market expectations that it would remain at 1.1%, according to a preliminary estimate. Inflation was higher for transportations services (2.6% vs 0.9% in November), fresh food (2.3% vs 1.1%), and processed food (2.6% vs 2.1%). These were partially offset by higher deflation for regulated energy (-5.3% vs -3.2%) and slower price growth for recreational, cultural, and personal services (2.7% vs 3%). The core inflation rate, which the commonly exogenous parts of the consumer basket in energy and fresh food, rose to 1.8% from 1.7%. Meanwhile, the EU-harmonized inflation rate also rose to 1.2% in the period, remaining firmly above the European Central Bank's target of 2%.
Published on 2026-01-07

Italian Inflation Rate Inches Higher
The annual inflation rate in Italy rose to 1.2% in December of 2025 from the 13-month low of 1.1% in November, slightly ahead of market expectations that it would remain at 1.1%, according to a preliminary estimate. Inflation was higher for transportations services (2.6% vs 0.9% in November), fresh food (2.3% vs 1.1%), and processed food (2.6% vs 2.1%). These were partially offset by higher deflation for regulated energy (-5.3% vs -3.2%) and slower price growth for recreational, cultural, and personal services (2.7% vs 3%). The core inflation rate, which the commonly exogenous parts of the consumer basket in energy and fresh food, rose to 1.8% from 1.7%. Meanwhile, the EU-harmonized inflation rate also rose to 1.2% in the period, remaining firmly above the European Central Bank's target of 2%.
Published on 2026-01-07

Italian Inflation Rate Inches Higher
The annual inflation rate in Italy rose to 1.2% in December of 2025 from the 13-month low of 1.1% in November, slightly ahead of market expectations that it would remain at 1.1%, according to a preliminary estimate. Inflation was higher for transportations services (2.6% vs 0.9% in November), fresh food (2.3% vs 1.1%), and processed food (2.6% vs 2.1%). These were partially offset by higher deflation for regulated energy (-5.3% vs -3.2%) and slower price growth for recreational, cultural, and personal services (2.7% vs 3%). The core inflation rate, which the commonly exogenous parts of the consumer basket in energy and fresh food, rose to 1.8% from 1.7%. Meanwhile, the EU-harmonized inflation rate also rose to 1.2% in the period, remaining firmly above the European Central Bank's target of 2%.
Published on 2026-01-07

Italy November Inflation Revised Down to 1.1%
Italy’s annual inflation slowed to 1.1% in November 2025, revising lower from preliminary estimates and October’s 1.2%. This marked the lowest level since October 2024, driven by a sharp drop in regulated energy prices (–3.2% vs –0.5% in October), alongside softer increases in unprocessed food (1.1% vs 1.9%), processed food (2.1% vs 2.5%), transport services (0.9% vs 2.0%), and recreational, cultural, and personal care services (3.0% vs 3.3%). Goods inflation also slowed to 0.1% from 0.2% and services inflation cooled to 2.3% from 2.6%. These effects were partly offset by a smaller decline in unregulated energy prices (–4.3% vs –4.9%). Meanwhile, core inflation eased to an eight-month low of 1.7% from 1.9%. On a monthly basis, consumer prices fell 0.2%, consistent with initial estimates, following a 0.3% drop in October. The harmonized consumer prices rose 1.1% on an annual basis, and fell 0.2% on a monthly basis.
Published on 2025-12-16

Italy November Inflation Revised Down to 1.1%
Italy’s annual inflation slowed to 1.1% in November 2025, revising lower from preliminary estimates and October’s 1.2%. This marked the lowest level since October 2024, driven by a sharp drop in regulated energy prices (–3.2% vs –0.5%), alongside softer increases in unprocessed food (1.1% vs 1.9%), processed food (2.1% vs 2.5%), transport services (0.9% vs 2.0%), and recreational, cultural, and personal care services (3.0% vs 3.3%). Goods inflation also slowed to 0.1% from 0.2% and services inflation cooled to 2.3% from 2.6%. These effects were partly offset by a smaller decline in unregulated energy prices (–4.3% vs –4.9%). Meanwhile, core inflation eased to an eight-month low of 1.7% from 1.9%. On a monthly basis, consumer prices fell 0.2%, consistent with initial estimates, following a 0.3% drop in October. The harmonized consumer prices rose 1.1% on an annual basis, and fell 0.2% on a monthly basis.
Published on 2025-12-16

Italy Inflation Holds at 1-Year Low
Italy's annual inflation rate was at 1.2% in November of 2025, remaining unchanged from the one-year low in the previous month and slightly below market expectations, according to a preliminary estimate. Inflation slowed sharply for transportation services (0.8% vs 2% in October), fresh food (1.4% vs 1.9%), services related to recreations, cultural, and personal spending (2.9% vs 3.3%), and non durable goods (1% vs 1.3%). Additionally, regulated energy costs fell at a faster pace (-3.3% vs -0.5%), aligned with muted benchmarks for European oil and natural gas due to ample supply of e fuel and power feedstocks. In turn, inflation picked up for processed food (2.7% vs 2.5%) and deflation slowed for durable goods (-0.1% vs -0.8%). The core inflation rate, which excludes energy and fresh food, eased to 1.8% from 1.9% in the earlier month.
Published on 2025-11-28