The EU-harmonised annual inflation rate in Italy rose to a three-month high of 3.2% in August 2026 from 2.9% in July, confirming the preliminary estimate. Harmonised Inflation Rate YoY in Italy averaged 2.67 percent from 1990 until 2026, reaching an all time high of 12.60 percent in October of 2022 and a record low of -1.00 percent in September of 2020. source: National Institute of Statistics (ISTAT)

Harmonised Inflation Rate YoY in Italy is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Harmonised Inflation Rate YoY is projected to trend around 2.90 percent in 2027 and 2.40 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-01 09:00 AM
Harmonised Inflation Rate YoY Prel
Aug 3.2% 2.9% 3.2% 3.1%
2026-09-16 08:00 AM
Harmonised Inflation Rate YoY Final
Aug 3.2% 2.9% 3.2% 3.2%
2026-09-30 09:00 AM
Harmonised Inflation Rate YoY Prel
Sep 3.2% 3.4% 3.5%


Related Last Previous Unit Reference
Consumer Price Index (CPI) 103.90 103.40 points Aug 2026
Core Consumer Prices 102.50 102.30 points Aug 2026
Core Inflation Rate 1.50 1.60 percent Aug 2026
CPI Housing Utilities 107.40 106.80 points Aug 2026
CPI Transportation 107.50 105.10 points Aug 2026
Energy Inflation 17.10 11.60 percent Aug 2026
Export Prices 136.70 135.40 points Jul 2026
Food Inflation 1.20 1.40 percent Aug 2026
GDP Deflator 116.94 116.91 points Jun 2026
Harmonised Consumer Prices 102.70 102.60 points Aug 2026
Harmonised Inflation Rate MoM 0.10 -1.00 percent Aug 2026
Harmonised Inflation Rate YoY 3.20 2.90 percent Aug 2026
Import Prices 129.40 132.80 points Jul 2026
Inflation Rate YoY 3.30 2.90 percent Aug 2026
Inflation Rate MoM 0.50 0.30 percent Aug 2026
PPI MoM 2.40 2.30 percent Aug 2026
Producer Prices 136.20 133.00 points Aug 2026
PPI YoY 10.90 7.70 percent Aug 2026
Rent Inflation 3.50 3.50 percent Aug 2026
Services Inflation 2.40 2.70 percent Aug 2026


Italy Harmonised Inflation Rate YoY
The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). The HICP is compiled by Eurostat and the national statistical institutes in accordance with harmonised statistical methods. The ECB aims to maintain annual inflation rates as measured by the HICP below, but close to, 2% over the medium term.
Actual Previous Highest Lowest Dates Unit Frequency
3.20 2.90 12.60 -1.00 1990 - 2026 percent Monthly
NSA