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. 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 4.20 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 2.90 percent in 2027 and 2.40 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-16 08:00 AM
Inflation Rate YoY Final
Aug 3.3% 2.9% 3.3% 3.3%
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 3.3% 4.2% 4.2%



Components Last Previous Unit Reference
Energy Inflation 17.10 11.60 percent Aug 2026
Food Inflation 1.20 1.40 percent Aug 2026
Services Inflation 2.40 2.70 percent Aug 2026

Related Last Previous Unit Reference
Consumer Price Index (CPI) 103.90 103.40 points Aug 2026
Core Consumer Prices 102.50 102.30 points Aug 2026
Core Inflation Rate 1.50 1.60 percent Aug 2026
CPI Clothing 100.70 100.80 points Aug 2026
CPI Education 101.20 101.20 points Aug 2026
CPI Ex Tobacco 103.70 103.10 points Aug 2026
CPI Food 101.70 101.60 points Aug 2026
CPI Health 101.30 101.30 points Aug 2026
CPI Housing Utilities 107.40 106.80 points Aug 2026
CPI Recreation and Culture 103.00 102.10 points Aug 2026
CPI Restaurants and Hotels 105.10 105.40 points Aug 2026
CPI Transportation 107.50 105.10 points Aug 2026
Export Prices 136.70 135.40 points Jul 2026
GDP Deflator 116.94 116.91 points Jun 2026
Harmonised Consumer Prices 102.70 102.60 points Aug 2026
Import Prices 129.40 132.80 points Jul 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 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
Italian Inflation Hits 3-Year High
The annual inflation rate in Italy picked up to 3.3% in August 2026 from 2.9% in July, marking the highest reading since September 2023, according to preliminary estimates. The acceleration was driven mainly by a rise in energy inflation, with non-regulated energy prices rising 16.9% from 11.4% in July, while regulated energy inflation climbed to 18.8% from 14.8%, reflecting continued inflationary pressure from ongoing tensions in the Middle East. Meanwhile, prices for recreational, cultural and personal care services eased to 2.6% from 3%, while transportation services slowed to 0.9% from 1.6%. Food inflation remained stable at 1.1%. Core inflation, which excludes energy and fresh food prices, edged down to 1.5% from 1.6%. On a monthly basis, CPI inflation rose 0.5%, the most since April, exceeding expectations for a 0.2% increase and following a 0.3% gain in July. The HICP inflation also accelerated to 3.2% year-on-year in August from 2.9% in July.
2026-09-01