Inflation Italy 2026
Average inflation: 2.6%
Inflation in 2026
Inflation is normal at 2.6%, around the ECB target.
Peak and Trough
The highest inflation was in September at 4.2%. The lowest inflation was in January at 1.0%.
- Highest month
- September: 4.2%
- Lowest month
- January: 1.0%
- Difference
- 3.2 percentage points
- Months with data
- 9 of 12
Category Insights
The highest price increase was in Housing, water, electricity, gas and other fuels with an average of 4.4%. The lowest price increase was in Clothing and footwear with an average of 0.9%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 4.4%
- Lowest increase
- Clothing and footwear: 0.9%
Historical Context
Inflation is 1.2 percentage points lower than the 5-year average of 3.8%.
- 5-year average
- 3.8%
- 10-year average
- 2.4%
- All-time high (2022)
- 8.2%
- All-time low (2020)
- -0.1%
Trend
Over the period 2024-2026, inflation shows an upward trend. Compared to 2025, inflation has risen by 1.1 percentage points.
- Change vs. previous year
- +1.1 percentage points
- Largest monthly swing
- September: +2.6 percentage points
ECB Target
Inflation is 0.6 percentage points above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2026
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2025 |
|---|---|---|
| January | 1.0% | -0.5 |
| February | 1.5% | -0.1 |
| March | 1.7% | -0.2 |
| April | 2.7% | +0.8 |
| May | 3.2% | +1.6 |
| June | 3.0% | +1.3 |
| July | 2.9% | +1.2 |
| August | 3.3% | +1.7 |
| September | 4.2% | +2.6 |
| Average | 2.6% |
Data source
Data from OECD. Last updated: 26/10/2026. Not all months available yet.