Italy’s annual inflation rate rose to 4.2% in September 2026 from 3.3% in the previous month, matching preliminary estimates. This marked the highest reading since September 2023, driven largely by higher energy prices, with inflation in regulated energy (25.8% vs. 18.6%) and unregulated energy (22.5% vs. 17.0%) accelerating significantly amid prolonged Middle East tensions. Moreover, prices rose faster for unprocessed food (5.5% vs. 3.8%), recreational, cultural, and personal care services (2.9% vs. 2.6%), and transportation (1.6% vs. 0.8%). Core inflation, which excludes energy and fresh food, edged up to 1.6% from 1.5% in August. On a monthly basis, consumer prices increased by 0.7%, following a 0.5% gain in the previous month. Meanwhile, HICP inflation accelerated to 4.2% from 3.2% in August, matching preliminary estimates, while prices rose by 2.1% month-on-month. source: National Institute of Statistics (ISTAT)

Inflation Rate in Italy increased to 4.20 percent in September from 3.30 percent in August of 2026. Inflation Rate in Italy averaged 5.42 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 October of 2026.

Inflation Rate in Italy increased to 4.20 percent in September from 3.30 percent in August of 2026. Inflation Rate in Italy is expected to be 4.50 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 2.90 percent in 2027 and 2.40 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-30 09:00 AM
Inflation Rate YoY Prel
Sep 4.2% 3.3% 3.8% 3.8%
2026-10-16 09:00 AM
Inflation Rate YoY Final
Sep 4.2% 3.3% 4.2% 4.2%
2026-10-30 10:00 AM
Inflation Rate YoY Prel
Oct 4.2% 4.7%



Components Last Previous Unit Reference
Energy Inflation 22.60 17.10 percent Sep 2026
Food Inflation 1.90 1.20 percent Sep 2026
Services Inflation 2.60 2.40 percent Sep 2026

Related Last Previous Unit Reference
Consumer Price Index (CPI) 104.60 103.90 points Sep 2026
Core Consumer Prices 102.40 102.50 points Sep 2026
Core Inflation Rate 1.60 1.50 percent Sep 2026
CPI Clothing 101.10 100.70 points Sep 2026
CPI Education 101.80 101.20 points Sep 2026
CPI Ex Tobacco 104.30 103.70 points Sep 2026
CPI Food 102.30 101.70 points Sep 2026
CPI Health 101.50 101.30 points Sep 2026
CPI Housing Utilities 9.90 107.40 points Sep 2026
CPI Recreation and Culture 101.60 103.00 points Sep 2026
CPI Restaurants and Hotels 106.50 105.10 points Sep 2026
CPI Transportation 108.10 107.50 points Sep 2026
Export Prices 137.70 136.80 points Aug 2026
GDP Deflator 116.77 116.73 points Jun 2026
Harmonised Consumer Prices 104.90 102.70 points Sep 2026
Import Prices 136.60 129.40 points Aug 2026
Inflation Rate YoY 4.20 3.30 percent Sep 2026
Inflation Rate MoM 0.70 0.50 percent Sep 2026
Producer Prices 136.20 133.00 points Aug 2026
PPI YoY 10.90 7.70 percent Aug 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
4.20 3.30 25.68 -2.63 1958 - 2026 percent Monthly

News Stream
Italy August Inflation Confirmed at 4.2%
Italy’s annual inflation rate rose to 4.2% in September 2026 from 3.3% in the previous month, matching preliminary estimates. This marked the highest reading since September 2023, driven largely by higher energy prices, with inflation in regulated energy (25.8% vs. 18.6%) and unregulated energy (22.5% vs. 17.0%) accelerating significantly amid prolonged Middle East tensions. Moreover, prices rose faster for unprocessed food (5.5% vs. 3.8%), recreational, cultural, and personal care services (2.9% vs. 2.6%), and transportation (1.6% vs. 0.8%). Core inflation, which excludes energy and fresh food, edged up to 1.6% from 1.5% in August. On a monthly basis, consumer prices increased by 0.7%, following a 0.5% gain in the previous month. Meanwhile, HICP inflation accelerated to 4.2% from 3.2% in August, matching preliminary estimates, while prices rose by 2.1% month-on-month.
2026-10-16
Italy Inflation Rate Rises More Than Expected
The annual inflation rate in Italy climbed to 4.2% in September 2026 from 3.3% in August, according to preliminary estimates. The reading marks a fresh highest level since September 2023, and is well above market expectations of a rise to 3.8%. Energy inflation climbed further for both regulated (25.9% vs 18.6%) and non-regulated (22.2% vs 17%) products. Price growth also accelerated sharply for unprocessed food (5.5% vs 3.8%) and transport (1.6% vs 0.8%). Underlying price pressures also strengthened. Core inflation, which excludes energy and unprocessed food, rose to 1.7% from 1.5%, while inflation excluding energy increased to 2.0% from 1.7%. From the previous month, consumer prices rose 0.7%, accelerating from a 0.5% rise in August. The HICP inflation also accelerated sharply, reaching a fresh three-year high of 4.1%, up from 3.2%, while surging 2% month-on-month, reflecting the impact of summer sales that are excluded from the headline inflation rate, following a 0.1% increase.
2026-09-30
Italian August Inflation Confirmed at 3-Year High
The annual inflation rate in Italy rose to 3.3% in August 2026 from 2.9% in July, confirming the preliminary estimate and marking the highest reading since September 2023. The main upward contribution came from higher energy prices, with regulated energy inflation rising to 18.6% from 14.8% and non-regulated energy inflation increasing to 17.0% from 11.4%, as ongoing tensions in the Middle East continued to fuel inflationary pressures. Meanwhile, inflation for durable goods accelerated to 1.3% from 0.7%, while unprocessed food inflation rose to 3.8% from 3.6%. In contrast, inflation eased for recreational, cultural and personal care services (2.6% vs 3%), and transport services (0.8% vs 1.6%). Core inflation, excluding energy and fresh food, edged down to 1.5% from 1.6%. Monthly, the CPI rose 0.5%, following a 0.3% gain in July. The HICP inflation accelerated to 3.2% year-on-year from 2.9% in July, confirming the preliminary estimate, while rising 0.1% month-on-month.
2026-09-16