News

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 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 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

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%), 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% 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 Inflation Holds at 1-Year Low
Italy's annual inflation rate was at 1.2% in November of 2025, matching the one-year low recorded in October 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

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

Italy Inflation Holds at 1-Year Low
Italy's annual inflation rate was at 1.2% in November of 2025, matching the one-year low recorded in October 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

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

Italy October Inflation Confirmed at 1.2%
Italy’s annual inflation slowed to 1.2% in October 2025, down from 1.6% in September, confirming preliminary estimates and marking the lowest level in a year. The deceleration was driven by a sharp drop in regulated energy prices (–0.5% vs 13.9% in September), alongside softer increases in unprocessed food (1.9% vs 4.8%), transport services (2.0% vs 2.4%), and processed food (2.5% vs 2.7%). These declines were partly offset by faster price growth in recreational and personal care services (3.3% vs 3.1%) and a smaller drop in unregulated energy (–4.9% vs –5.2%). Meanwhile, Core inflation eased to 1.9% from 2.0%, while goods inflation slowed to 0.2% from 0.6%, and services inflation remained steady at 2.6%. On a monthly basis, consumer prices fell 0.3%, extending the 0.2% decline recorded in September.
Published on 2025-11-17

Italy October Inflation Confirmed at 1.2%
Italy’s annual inflation slowed to 1.2% in October 2025 from 1.6% in September, confirming preliminary estimates and marking the lowest in a year. The deceleration was driven by a sharp drop in regulated energy prices (-0.5% vs 13.9% in September), alongside softer increases in unprocessed food (1.9% vs 4.8%), transport services (2.0% vs 2.4%), and processed food (2.5% vs 2.7%). These were partly offset by faster price growth in recreational and personal care services (3.3% vs 3.1%) and a smaller drop in unregulated energy (-4.9% vs -5.2%). Core inflation eased to 1.9%, while goods inflation slowed to 0.2% and services inflation stayed at 2.6%. Prices for food, household, and personal care items also weakened (2.1% vs 3.1%). Month-on-month, consumer prices fell 0.3%, following a 0.2% drop in September.
Published on 2025-11-17

Italian Inflation Unexpectedly Sinks to 1-Year Low
The annual inflation rate in Italy fell to 1.2% in October of 2025 from 1.6% in the previous month, the lowest in one year, and well under market expectations that it would remain unchanged at 1.6%, according to a flash estimate. Regulated energy prices swung lower from their high inflation rate (-0.8% vs 13.9% in September) amid lower global benchmark prices and base effects, while inflation slowed for fresh food (1.9% vs 4.8%) and transportation services (2.0%) vs 2.4%). In turn, price growth picked up for recreational and cultural services (3.3% vs 3.1%). The core inflation rate, which excludes energy and fresh food, remained unchanged from the previous month at 2% to reflect the relative stability for prices in underlying parts of the consumer basket. From the previous month, consumer prices fell by 0.3%, extending the 0.2% drop from September.
Published on 2025-10-31

Italian Inflation Unexpectedly Sinks to 1-Year Low
The annual inflation rate in Italy fell to 1.2% in October of 2025 from 1.6% in the previous month, the lowest in one year, and well under market expectations that it would remain unchanged at 1.6%, according to a flash estimate. Regulated energy prices swung lower from their high inflation rate (-0.8% vs 13.9% in September) amid lower global benchmark prices and base effects, while inflation slowed for fresh food (1.9% vs 4.8%) and transportation services (2.0%) vs 2.4%).
Published on 2025-10-31

Italy August Inflation Confirmed at 1.6%
The annual consumer price inflation in Italy stood at 1.6% in September 2025, unchanged from the previous month and confirming preliminary estimates. It remained the lowest reading since May, as prices eased for food and non-alcoholic beverages (3.7% vs 4% in August), clothing and footwear (0.9% vs 1.1%), furnishings, household equipment and routine household maintenance (0.3% vs 0.5%), and recreation and culture (0.6% vs 1.1%). Moreover, deflation deepened in housing and utilities (-1% vs -0.8%) and communication (-4.6% vs -4.1%), while costs remained stable for alcoholic beverages and tobacco (2%), health (1.5%), and education (3.1%). On the other hand, costs rebounded for transport (0.3% vs -0.2%) and rose at a faster pace for restaurants and hotels (3.8% vs 3.2%) as well as miscellaneous goods and services (3.2% vs 3.1%). On a monthly basis, consumer prices declined 0.2% in September, confirming preliminary estimates but reversing a 0.1% increase in the previous month.
Published on 2025-10-16