Italy’s annual inflation rate accelerated to 1.5% in February 2026 from 1.0% in January, slightly below the preliminary estimate of 1.6%. This marked the highest reading since late September, as services inflation picked up to 3.6% from 2.5% in January, led by faster price growth in transport-related services (2.9% vs 0.7% in January) and recreational, cultural, and personal care (4.9% vs 3%). Meanwhile, energy prices continued to decline, with regulated energy down 11.6% and unregulated energy falling 6.2%. Goods prices remained slightly negative, unchanged at -0.2% from January. On a monthly basis, consumer prices increased 0.7%, revised down from the initial 0.8% estimate but up from 0.4% in January, supported by higher costs for tobacco, services, transport, and unprocessed food. Core inflation, excluding energy and fresh food, rose to 2.4%, while inflation excluding energy alone increased to 2.5%. The HICP rose 1.5% year-on-year and 0.5% month-on-month. source: National Institute of Statistics (ISTAT)

Inflation Rate in Italy increased to 1.50 percent in February from 1 percent in January of 2026. Inflation Rate in Italy averaged 5.44 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 March of 2026.

Inflation Rate in Italy increased to 1.50 percent in February from 1 percent in January of 2026. Inflation Rate in Italy is expected to be 2.30 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 2.20 percent in 2027 and 1.90 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-03 10:00 AM
Inflation Rate YoY Prel
Feb 1.6% 1% 1.1%
2026-03-17 09:00 AM
Inflation Rate YoY Final
Feb 1.5% 1% 1.6% 1.6%
2026-03-31 09:00 AM
Inflation Rate YoY Prel
Mar 1.5% 2.3%

Components Last Previous Unit Reference
Energy Inflation -6.60 -6.20 percent Feb 2026
Food Inflation 2.50 2.40 percent Feb 2026
Services Inflation 3.60 2.50 percent Feb 2026

Related Last Previous Unit Reference
CPI Prel 101.10 100.40 points Feb 2026
Core Consumer Prices 101.20 100.40 points Feb 2026
Core Inflation Rate 2.40 1.70 percent Feb 2026
CPI Housing Utilities 100.90 100.80 points Feb 2026
CPI Transportation 99.40 98.20 points Feb 2026
Export Prices 132.40 130.00 points Jan 2026
GDP Deflator 116.84 116.05 points Dec 2025
Harmonised Consumer Prices 100.00 99.50 points Feb 2026
Import Prices 120.30 118.60 points Jan 2026
Inflation Rate YoY 1.50 1.00 percent Feb 2026
Inflation Rate MoM 0.70 0.40 percent Feb 2026
Producer Prices 124.90 123.10 points Jan 2026
PPI YoY -1.60 -1.40 percent Jan 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
1.50 1.00 25.68 -2.63 1958 - 2026 percent Monthly

News Stream
Italy February Inflation Revised Down to 1.5%
Italy’s annual inflation rate accelerated to 1.5% in February 2026 from 1.0% in January, slightly below the preliminary estimate of 1.6%. This marked the highest reading since late September, as services inflation picked up to 3.6% from 2.5% in January, led by faster price growth in transport-related services (2.9% vs 0.7% in January) and recreational, cultural, and personal care (4.9% vs 3%). Meanwhile, energy prices continued to decline, with regulated energy down 11.6% and unregulated energy falling 6.2%. Goods prices remained slightly negative, unchanged at -0.2% from January. On a monthly basis, consumer prices increased 0.7%, revised down from the initial 0.8% estimate but up from 0.4% in January, supported by higher costs for tobacco, services, transport, and unprocessed food. Core inflation, excluding energy and fresh food, rose to 2.4%, while inflation excluding energy alone increased to 2.5%. The HICP rose 1.5% year-on-year and 0.5% month-on-month.
2026-03-17
Italy Inflation Rate Accelerates to 1.6%
Italy’s annual inflation rate accelerated to 1.6% in February 2026 from 1.0% in January, preliminary estimates showed. This marks the highest reading since late September, mainly driven by higher prices for recreational, cultural, and personal care services, transport-related services (+3.0%), and unprocessed food (+3.6%), while processed food rose more modestly (+1.7%). Meanwhile, costs declined for energy, both regulated (-11.3%) and unregulated (-6.2%), contributing to a moderating effect. Goods prices remained slightly down (-0.2%), whereas services rose 3.6%. On a monthly basis, consumer prices increased 0.8%, the largest gain since October 2022, pushed by higher costs for tobacco (+3.3%), services for recreation and personal care (+2.1%), transport services (+2.0%), and unprocessed food (+1.1%). Core inflation, excluding energy and fresh food, rose to 2.4%, while inflation excluding energy alone climbed to 2.5%. The HICP rose 1.6% year-on-year and 0.6% month-on-month.
2026-03-03
Italy’s January Inflation Confirmed at 1%
Italy’s annual inflation rate eased to 1.0% in January 2026 from 1.2% in December, confirming preliminary estimates. This marked the lowest reading since October 2024, following the implementation of the ECOICOP version 2 classification and the update of the consumer price reference base to 2025=100. Goods prices declined by 0.2% year on year, while food prices rose 1.9%, with unprocessed items up 2.5% and processed items up 1.9%. Costs also increased for housing-related services (+4.4%), tobacco (+3.3%), and recreational, cultural, and personal care services (+3.0%). Services prices continued to rise by 2.5%. Core inflation, excluding energy and fresh food, remained steady at 1.7%, while the measure excluding energy alone stood at 1.9%. On a monthly basis, consumer prices increased 0.4%, following a 0.2% gain in December. The EU-harmonized inflation rate also eased to 1.0% in January 2026 from 1.2% in December.
2026-02-23