The annual inflation rate in Italy came at 2.9% in July 2026, revised up from a preliminary estimate of 2.8% but slightly down from 3.0% in June. It marked the second moderation since the rate climbed to a more than two-year high of 3.2% in May, as the temporary resumption of energy exports from the Middle East helped ease price pressures during the period. Non-regulated energy inflation, which is more responsive to movements in global benchmarks, slowed to 11.4% from 13.3% in June. Price growth also eased for unprocessed food products (3.6% vs 4.4%) and miscellaneous services (1.8% vs 2.5%). Conversely, inflation picked up for regulated energy (14.8% vs 9.2%), transport-related services (1.6% vs 1.1%), and recreational, cultural and personal care services (3.0% vs 2.7%). On a monthly basis, consumer prices rose 0.3%, following a flat reading in June. Core inflation, which excludes energy eased to 1.8% from 1.9%. source: National Institute of Statistics (ISTAT)

Inflation Rate in Italy decreased to 2.90 percent in July from 3 percent in June 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 August of 2026.

Inflation Rate in Italy decreased to 2.90 percent in July from 3 percent in June of 2026. Inflation Rate in Italy is expected to be 3.10 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 2.20 percent in 2027 and 2.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-31 09:00 AM
Inflation Rate YoY Prel
Jul 2.8% 3% 2.8% 2.9%
2026-08-12 08:00 AM
Inflation Rate YoY Final
Jul 2.9% 3% 2.8% 2.8%
2026-09-01 09:00 AM
Inflation Rate YoY Prel
Aug 2.9% 2.9%



Components Last Previous Unit Reference
Energy Inflation 10.80 13.00 percent Jul 2026
Food Inflation 1.40 1.80 percent Jul 2026
Services Inflation 2.60 2.60 percent Jul 2026

Related Last Previous Unit Reference
CPI Prel 103.30 103.10 points Jul 2026
Core Consumer Prices 102.30 102.00 points Jul 2026
Core Inflation Rate 1.60 1.60 percent Jul 2026
CPI Clothing 100.70 100.80 points Jul 2026
CPI Education 101.20 101.20 points Jul 2026
CPI Food 101.90 102.00 points Jul 2026
CPI Health 101.30 101.20 points Jul 2026
CPI Housing Utilities 106.10 105.60 points Jul 2026
CPI Recreation and Culture 102.20 101.20 points Jul 2026
CPI Restaurants and Hotels 105.30 105.00 points Jul 2026
CPI Transportation 105.00 104.50 points Jul 2026
Export Prices 135.50 137.50 points Jun 2026
GDP Deflator 116.89 116.82 points Mar 2026
Harmonised Consumer Prices 102.60 103.60 points Jul 2026
Import Prices 132.90 133.80 points Jun 2026
Inflation Rate YoY 2.90 3.00 percent Jul 2026
Inflation Rate MoM 0.30 0.00 percent Jul 2026
Producer Prices 130.00 130.00 points Jun 2026
PPI YoY 5.80 7.30 percent Jun 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
2.90 3.00 25.68 -2.63 1958 - 2026 percent Monthly

News Stream
Italy July Inflation Revised Up to 2.9%
The annual inflation rate in Italy came at 2.9% in July 2026, revised up from a preliminary estimate of 2.8% but slightly down from 3.0% in June. It marked the second moderation since the rate climbed to a more than two-year high of 3.2% in May, as the temporary resumption of energy exports from the Middle East helped ease price pressures during the period. Non-regulated energy inflation, which is more responsive to movements in global benchmarks, slowed to 11.4% from 13.3% in June. Price growth also eased for unprocessed food products (3.6% vs 4.4%) and miscellaneous services (1.8% vs 2.5%). Conversely, inflation picked up for regulated energy (14.8% vs 9.2%), transport-related services (1.6% vs 1.1%), and recreational, cultural and personal care services (3.0% vs 2.7%). On a monthly basis, consumer prices rose 0.3%, following a flat reading in June. Core inflation, which excludes energy eased to 1.8% from 1.9%.
2026-08-12
Italian Inflation Softens as Expected
The annual inflation rate in Italy eased to 2.8% in July of 2026 from 3% in the previous month, aligned with the median market consensus, according to a preliminary estimate. It was the second pullback since the rate surged to an over-two-year high of 3.2% in May, reflecting some softening as the temporary resumption of energy exports from the Middle East brought relief to wholesale prices in the period. Non-regulated energy inflation, which are more sensitive to swings in global benchmarks, eased to 10.6% from 13.3% in June. Prices also slowed for fresh food (3.8% vs 4.4%) and broad services (1.8% vs 2.5%). In turn, prices rebounded for non-fresh food (0.2% vs -0.2%) and rose faster for regulated energy (14.9% vs 9.2%) and transportation services (1.6% vs 1.1%). Core inflation, which excludes energy and fresh food prices due to their often exogenous price swings, eased to 1.8% from 1.9%).
2026-07-31
Italy June Inflation Confirmed at 3%
Italy’s headline inflation rate eased to 3.0% in June 2026 from a more than two-and-a-half-year high of 3.2% in May, confirming preliminary estimates. This was the first deceleration in consumer inflation since January, amid softer price increases in unprocessed food (4.4% vs 5.5% in May), recreational, cultural, and personal care services (2.7% vs 3.0%), and transport-related services (1.1% vs 1.7%). However, higher energy prices stemming from supply pressures in the Middle East continued to feed through to consumers, with prices for both regulated energy (9.2% vs 5.6%) and unregulated energy (13.3% vs 12.5%) accelerating. On a monthly basis, consumer prices were unchanged in June after rising 0.4% in the previous month. Core inflation, excluding energy and fresh food, edged down to 1.6% from 1.7%, while inflation excluding energy alone also eased to 1.9% from 2.1%. The HICP was unchanged month-on-month and rose 3.0% year-on-year, slowing from 3.2% in May.
2026-07-16