Italy Inflation Rate Hits 2023-Highs

2026-04-30 09:38 By Larissa Caser 1 min. read

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.



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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.
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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.
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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.
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