The EU-harmonised annual inflation rate in Italy increased to 3.3% in May 2026, the highest since September 2023, from 2.8% in April and above forecasts of 3.2%, preliminary estimates showed. 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 3.60 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 2.60 percent in 2027 and 2.40 percent in 2028, according to our econometric models.