Italy’s annual inflation rate rose sharply to 2.8% in April 2026, up from 1.7% in March and above market expectations, according to preliminary estimates. This marking the highest level since 2023, as increasing energy prices reflect Italy’s reliance on imported gas for electricity and heating, with prices rebounding for both unregulated (9.9% vs -2%) and regulated (5.7% vs -1.6%). Goods prices surged (3.2% versus 0.8%), as unprocessed food inflation accelerated to 6% from 4.7%. Services' inflation slowed (2.4% vs 2.8%), easing for recreational, cultural and personal care services (2.6% vs 3%) and transportation (0.5% vs 2.2%). In contrast, housing-related inflation edged up (2.5% vs 2.2%). Core inflation, which excludes energy and fresh food, eased to 1.6% from 1.9%, while inflation excluding energy alone slowed less to 2% from 2.1%. The HIPC increased 2.9% year-on-year and 1.7% month-on-month. On a monthly basis, consumer prices increased 1.2%, the highest level since October 2022. source: National Institute of Statistics (ISTAT)

Inflation Rate in Italy increased to 2.80 percent in April from 1.70 percent in March of 2026. Inflation Rate in Italy averaged 5.43 percent from 1958 until 2026, reaching an all time high of 25.68 percent in January of 1975 and a record low of -2.63 percent in April of 1959. This page provides the latest reported value for - Italy Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.

Inflation Rate in Italy increased to 2.80 percent in April from 1.70 percent in March of 2026. Inflation Rate in Italy is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Inflation Rate is projected to trend around 2.60 percent in 2027 and 2.40 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-16 08:00 AM
Inflation Rate YoY Final
Mar 1.7% 1.5% 1.7% 1.7%
2026-04-30 09:00 AM
Inflation Rate YoY Prel
Apr 2.8% 1.7% 2.6% 2.3%
2026-05-15 08:00 AM
Inflation Rate YoY Final
Apr 1.7% 2.8% 2.8%



Components Last Previous Unit Reference
Energy Inflation 9.50 -2.10 percent Apr 2026
Food Inflation 3.10 2.80 percent Apr 2026
Services Inflation 2.40 2.80 percent Apr 2026

Related Last Previous Unit Reference
CPI Prel 102.80 101.60 points Apr 2026
Core Consumer Prices 101.50 101.00 points Apr 2026
Core Inflation Rate 1.60 1.90 percent Apr 2026
CPI Housing Utilities 105.50 102.70 points Apr 2026
CPI Transportation 104.40 101.90 points Apr 2026
Export Prices 133.50 132.40 points Feb 2026
GDP Deflator 116.84 116.05 points Dec 2025
Harmonised Consumer Prices 103.40 101.70 points Apr 2026
Import Prices 124.50 120.30 points Feb 2026
Inflation Rate YoY 2.80 1.70 percent Apr 2026
Inflation Rate MoM 1.20 0.50 percent Apr 2026
Producer Prices 129.90 124.40 points Mar 2026
PPI YoY 4.20 -2.70 percent Mar 2026


Italy Inflation Rate
In Italy, the most important categories in the Consumer Price Index are: food and non-alcoholic beverages (18 percent of total weight); transport (14 percent); and housing, water, electricity and other fuels (11 percent). The index also includes: miscellaneous goods and services (9 percent); restaurants and hotels (9 percent); health (9 percent); furnishings, household equipment and maintenance (8 percent); recreation and culture (7 percent); and clothing and footwear (6 percent). Alcoholic beverages and tobacco, communication, and education contribute to the remaining 7 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
2.80 1.70 25.68 -2.63 1958 - 2026 percent Monthly

News Stream
Italy Inflation Rate Hits 2023-Highs
Italy’s annual inflation rate rose sharply to 2.8% in April 2026, up from 1.7% in March and above market expectations, according to preliminary estimates. This marking the highest level since 2023, as increasing energy prices reflect Italy’s reliance on imported gas for electricity and heating, with prices rebounding for both unregulated (9.9% vs -2%) and regulated (5.7% vs -1.6%). Goods prices surged (3.2% versus 0.8%), as unprocessed food inflation accelerated to 6% from 4.7%. Services' inflation slowed (2.4% vs 2.8%), easing for recreational, cultural and personal care services (2.6% vs 3%) and transportation (0.5% vs 2.2%). In contrast, housing-related inflation edged up (2.5% vs 2.2%). Core inflation, which excludes energy and fresh food, eased to 1.6% from 1.9%, while inflation excluding energy alone slowed less to 2% from 2.1%. The HIPC increased 2.9% year-on-year and 1.7% month-on-month. On a monthly basis, consumer prices increased 1.2%, the highest level since October 2022.
2026-04-30
Italy March Inflation Confirmed at 1.7%
Italy’s annual inflation rate rose to 1.7% in March 2026 from 1.5% in February, confirming the preliminary estimate. This marks the highest reading since July last year, driven mainly by energy, with regulated energy easing less sharply (-1.6% vs -11.6% in February) and unregulated energy also declining more slowly (-2.0% vs -6.2%). Inflation for unprocessed food also accelerated to 4.7% from 3.7% previously. Meanwhile, services inflation slowed notably (2.8% vs 3.6%), including recreational, cultural, and personal care (3.0% vs 4.9%) and transport services (2.2% vs 2.9%). On a monthly basis, consumer prices rose 0.5%, slowing from a 0.7% increase in February. Core inflation, which excludes energy and fresh food, eased to 1.9% from 2.4%, while inflation excluding energy alone slowed to 2.1% from 2.5%. The HICP increased 1.6% year-on-year and 1.7% month-on-month.
2026-04-16
Italy Inflation Climbs to 8-Month High
Italy’s annual inflation rate rose to 1.7% in March 2026 from 1.5% in February, slightly below expectations of 1.8%, preliminary estimates showed. This marked the highest reading since July last year, largely driven by a slower decline in energy prices, with regulated energy falling less sharply (-1.3% vs -11.6% in February) and unregulated energy also easing its drop (-2.4% vs -6.2%). Meanwhile, inflation for unprocessed food accelerated to 4.4% from 3.7%. In contrast, services inflation slowed to 2.8% from 3.6%, reflecting weaker price growth in recreational, cultural, and personal care services (3.0% vs 4.9%), transport services (2.4% vs 2.8%), and housing-related services (4.2% vs 4.5%). Core inflation, which excludes energy and fresh food, eased to 1.9% from 2.4%, while inflation excluding energy alone slowed to 2.1% from 2.5%. On a monthly basis, consumer prices rose 0.5%, following a 0.7% gain in February. The HICP increased 1.5% year-on-year and 1.6% month-on-month.
2026-03-31