Italy’s annual inflation rate edged down to 1% in January 2026 from 1.2% in the previous month, in line with market expectations, preliminary estimates showed. It marked the lowest reading since October 2024, following the adoption of the ECOICOP version 2 classification and a new 2025=100 reference base for consumer prices. Prices for food products rose at a faster pace, supported by both unprocessed (2.5%) and processed (2.2%) items. Costs also accelerated for housing-related services (4.4%), tobacco (3.3%), and recreational, cultural, and personal care services (3%). On a monthly basis, consumer prices increased marginally to 0.4%, from 0.2% in December, matching market expectations. The core inflation rate, which excludes energy and fresh food, held steady at 1.8%, while the measure excluding energy alone was 1.9%. The EU-harmonized inflation rate eased slightly to 1% in January 2026, from 1.2% in the previous month. source: National Institute of Statistics (ISTAT)

Inflation Rate in Italy decreased to 1 percent in January from 1.20 percent in December of 2025. 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 February of 2026.

Inflation Rate in Italy decreased to 1 percent in January from 1.20 percent in December of 2025. Inflation Rate in Italy is expected to be 1.20 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 1.70 percent in 2027 and 1.90 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-16 09:00 AM
Inflation Rate YoY Final
Dec 1.2% 1.1% 1.2% 1.2%
2026-02-04 10:00 AM
Inflation Rate YoY Prel
Jan 1% 1.2% 1% 0.9%
2026-02-23 09:00 AM
Inflation Rate YoY Final
Jan 1.2% 1% 1.0%

Components Last Previous Unit Reference
Energy Inflation -4.50 -4.20 percent Dec 2025
Food Inflation 2.60 1.90 percent Dec 2025
Services Inflation 2.50 2.30 percent Dec 2025

Related Last Previous Unit Reference
CPI Prel 122.60 122.40 points Dec 2025
Core Consumer Prices 117.90 117.60 points Dec 2025
Core Inflation Rate 1.80 1.70 percent Dec 2025
CPI Housing Utilities 141.70 141.30 points Dec 2025
CPI Transportation 124.20 122.50 points Dec 2025
Export Prices 129.70 128.90 points Nov 2025
GDP Deflator 115.98 115.54 points Sep 2025
Harmonised Consumer Prices 99.50 100.50 points Jan 2026
Import Prices 119.90 118.90 points Nov 2025
Inflation Rate YoY 1.00 1.20 percent Jan 2026
Inflation Rate MoM 0.40 0.20 percent Jan 2026
Producer Prices 123.10 124.00 points Dec 2025
PPI YoY -1.40 -0.20 percent Dec 2025


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
1.00 1.20 25.68 -2.63 1958 - 2026 percent Monthly

News Stream
Italian Inflation Rate Hits 15-Month Low
Italy’s annual inflation rate edged down to 1% in January 2026 from 1.2% in the previous month, in line with market expectations, preliminary estimates showed. It marked the lowest reading since October 2024, following the adoption of the ECOICOP version 2 classification and a new 2025=100 reference base for consumer prices. Prices for food products rose at a faster pace, supported by both unprocessed (2.5%) and processed (2.2%) items. Costs also accelerated for housing-related services (4.4%), tobacco (3.3%), and recreational, cultural, and personal care services (3%). On a monthly basis, consumer prices increased marginally to 0.4%, from 0.2% in December, matching market expectations. The core inflation rate, which excludes energy and fresh food, held steady at 1.8%, while the measure excluding energy alone was 1.9%. The EU-harmonized inflation rate eased slightly to 1% in January 2026, from 1.2% in the previous month.
2026-02-04
Italy December Inflation Confirmed at 1.2%
The annual inflation rate in Italy edged higher to 1.2% in December 2025 from 1.1% in the previous month, in line with preliminary estimates and initial market expectations. Price growth accelerated for transport services (2.6% vs 0.9% in November), unprocessed food (2.3% vs 1.1%), and miscellaneous services (2.2% vs 2%). On the other hand, inflation slowed for non-durable goods (0.6% vs 1%) and recreational, cultural, and personal care services (2.7% vs 3%), while costs declined sharply for regulated energy prices (-5.2% vs -3.2%). Meanwhile, core inflation stood at 1.7% in December, unchanged from the previous month. On a monthly basis, consumer prices rose 0.2%, rebounding from a 0.2% fall in November and matching preliminary estimates and market expectations. The harmonised consumer prices increased 1.2% year-on-year, and grew 0.2% on a monthly basis.
2026-01-16
Italian Inflation Rate Inches Higher
The annual inflation rate in Italy rose to 1.2% in December of 2025 from the 13-month low of 1.1% in November, slightly ahead of market expectations that it would remain at 1.1%, according to a preliminary estimate. Inflation was higher for transportations services (2.6% vs 0.9% in November), fresh food (2.3% vs 1.1%), and processed food (2.6% vs 2.1%). These were partially offset by higher deflation for regulated energy (-5.3% vs -3.2%) and slower price growth for recreational, cultural, and personal services (2.7% vs 3%). The core inflation rate, which the commonly exogenous parts of the consumer basket in energy and fresh food, rose to 1.8% from 1.7%. Meanwhile, the EU-harmonized inflation rate also rose to 1.2% in the period, remaining firmly above the European Central Bank's target of 2%.
2026-01-07