Italy’s annual harmonised inflation rate eased to 1.0% in January 2026 from 1.2% in the previous month, slightly above market forecasts but marking the lowest level since October 2024, preliminary estimates showed. On a monthly basis, harmonised consumer prices fell 1.0%, reversing a 0.2% rise in the previous month. source: National Institute of Statistics (ISTAT)

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. This page includes a chart with historical data for Italy Harmonised Inflation Rate YoY. Italy Harmonised Inflation Rate YoY - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

Harmonised Inflation Rate YoY in Italy is expected to be 1.10 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 2.10 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-16 09:00 AM
Harmonised Inflation Rate YoY Final
Dec 1.2% 1.1% 1.2% 1.2%
2026-02-04 10:00 AM
Harmonised Inflation Rate YoY Prel
Jan 1% 1.2% 0.9% 1.0%
2026-02-23 09:00 AM
Harmonised Inflation Rate YoY Final
Jan 1.2% 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 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
1.00 1.20 12.60 -1.00 1990 - 2026 percent Monthly
NSA