Italy Inflation Eases More Than Expected

2026-06-30 09:13 By Andre Joaquim 1 min. read

The headline national inflation rate in Italy softened to 3.0% in June of 2026 from 3.2% in the previous month, according to a preliminary read.

It was below market expectations of a 3.1% rate and marked the first deceleration in consumer prices since January, potentially pointing to the top of the inflationary surge from the war in the Middle East as wholesale energy prices pulled back in the period.

Price growth eased for non-processed food (4.5% vs 5.5% in May), cultural and recreational services (2.7% vs 3.0%), and transportation services (1.1% vs 1.7%).

Still, higher energy prices in commodity markets from supply pressures in the Middle East were still being transmitted to Italian consumers, with faster inflation for regulated energy (9.3% vs 5.6%) and non-regulated energy (12.9% vs 12.5%).

Since the pickup in inflation was concentrated in energy, the core inflation rate softened to 1.6% from 1.7%.

From the previous month, Italian consumer prices were unchanged.



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Italy Inflation Eases More Than Expected
The headline national inflation rate in Italy softened to 3.0% in June of 2026 from 3.2% in the previous month, according to a preliminary read. It was below market expectations of a 3.1% rate and marked the first deceleration in consumer prices since January, potentially pointing to the top of the inflationary surge from the war in the Middle East as wholesale energy prices pulled back in the period. Price growth eased for non-processed food (4.5% vs 5.5% in May), cultural and recreational services (2.7% vs 3.0%), and transportation services (1.1% vs 1.7%). Still, higher energy prices in commodity markets from supply pressures in the Middle East were still being transmitted to Italian consumers, with faster inflation for regulated energy (9.3% vs 5.6%) and non-regulated energy (12.9% vs 12.5%). Since the pickup in inflation was concentrated in energy, the core inflation rate softened to 1.6% from 1.7%. From the previous month, Italian consumer prices were unchanged.
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