Harmonised consumer prices in Italy decreased 1% month-on-month in January 2026, reversing a 0.2% rise in December of 2025 and in line with market forecasts, preliminary estimates showed. Harmonised Inflation Rate MoM in Italy averaged 0.21 percent from 1990 until 2026, reaching an all time high of 3.80 percent in October of 2022 and a record low of -2.50 percent in January of 2015. source: National Institute of Statistics (ISTAT)



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-16 09:00 AM
Harmonised Inflation Rate MoM Final
Dec 0.2% -0.2% 0.2% 0.2%
2026-02-04 10:00 AM
Harmonised Inflation Rate MoM Prel
Jan -1% 0.2% -1% -1.0%
2026-02-23 09:00 AM
Harmonised Inflation Rate MoM Final
Jan 0.2% -1.0%


Related Last Previous Unit Reference
CPI Prel 122.60 122.40 points Dec 2025
Core Consumer Prices 117.90 117.60 points Dec 2025
Core Inflation Rate 1.80 1.70 percent Dec 2025
CPI Housing Utilities 141.70 141.30 points Dec 2025
CPI Transportation 124.20 122.50 points Dec 2025
Energy Inflation -4.50 -4.20 percent Dec 2025
Export Prices 129.70 128.90 points Nov 2025
Food Inflation 2.60 1.90 percent Dec 2025
GDP Deflator 115.98 115.54 points Sep 2025
Harmonised Consumer Prices 99.50 100.50 points Jan 2026
Harmonised Inflation Rate MoM -1.00 0.20 percent Jan 2026
Harmonised Inflation Rate YoY 1.00 1.20 percent Jan 2026
Import Prices 119.90 118.90 points Nov 2025
Inflation Rate YoY 1.00 1.20 percent Jan 2026
Inflation Rate MoM 0.40 0.20 percent Jan 2026
PPI MoM -0.70 1.00 percent Dec 2025
Producer Prices 123.10 124.00 points Dec 2025
PPI YoY -1.40 -0.20 percent Dec 2025
Rent Inflation 3.80 4.10 percent Dec 2025
Services Inflation 2.50 2.30 percent Dec 2025


Italy Harmonised Inflation Rate MoM
Actual Previous Highest Lowest Dates Unit Frequency
-1.00 0.20 3.80 -2.50 1990 - 2026 percent Monthly
NSA