The EU-harmonised annual inflation rate in Italy held at 1.7% in August 2025, the same as in July and below market expectations of 1.8%, preliminary estimates showed. Harmonised Inflation Rate YoY in Italy averaged 2.69 percent from 1990 until 2025, reaching an all time high of 12.60 percent in October of 2022 and a record low of -1.00 percent in September of 2020. source: National Institute of Statistics (ISTAT)

Harmonised Inflation Rate YoY in Italy is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Harmonised Inflation Rate YoY is projected to trend around 1.70 percent in 2026 and 2.10 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-08-11 08:00 AM
Harmonised Inflation Rate YoY Final
Jul 1.7% 1.8% 1.7% 1.7%
2025-08-29 09:00 AM
Harmonised Inflation Rate YoY Prel
Aug 1.7% 1.7% 1.8% 1.8%
2025-09-16 08:00 AM
Harmonised Inflation Rate YoY Final
Aug 1.7% 1.7% 1.7%


Related Last Previous Unit Reference
CPI Prel 123.30 123.20 points Aug 2025
Core Consumer Prices 118.30 118.00 points Jul 2025
Core Inflation Rate 2.00 2.00 percent Jul 2025
CPI Housing Utilities 142.20 143.30 points Aug 2025
CPI Transportation 125.20 124.60 points Aug 2025
Energy Inflation -3.40 -2.10 percent Jul 2025
Export Prices 131.10 129.10 points Jun 2025
Food Inflation 4.20 3.90 percent Aug 2025
GDP Deflator 115.54 114.42 points Jun 2025
Harmonised Consumer Prices 123.70 123.90 points Aug 2025
Harmonised Inflation Rate MoM -0.20 -1.00 percent Aug 2025
Harmonised Inflation Rate YoY 1.70 1.70 percent Aug 2025
Import Prices 124.20 122.40 points Jun 2025
Inflation Rate YoY 1.60 1.70 percent Aug 2025
Inflation Rate MoM 0.10 0.40 percent Aug 2025
PPI MoM 0.50 1.40 percent Jul 2025
Producer Prices 123.50 122.90 points Jul 2025
PPI YoY 1.60 2.40 percent Jul 2025
Rent Inflation 4.00 3.90 percent Jul 2025
Services Inflation 2.60 2.70 percent Jul 2025

Italy Harmonised Inflation Rate YoY
The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). The HICP is compiled by Eurostat and the national statistical institutes in accordance with harmonised statistical methods. The ECB aims to maintain annual inflation rates as measured by the HICP below, but close to, 2% over the medium term.
Actual Previous Highest Lowest Dates Unit Frequency
1.70 1.70 12.60 -1.00 1990 - 2025 percent Monthly
NSA