🇮🇹Italy inflation rate

Italy joined the euro at its launch in 1999. Harmonised inflation (HICP) — the EU-wide measure the European Central Bank targets at 2% — stands at 3.2% as of May 2026. That is 1.2 percentage points above the ECB's 2% target, in line with the euro-area average of 3.2%.

The breakdown shows core (excluding energy and food) at 2.0%, energy at 12.0%, food at 2.5% and services at 2.7%. The strongest pressure is in energy (12.0%), while core (excluding energy and food) is the softest (2.0%).

Month on month the headline rose from 2.8% to 3.2%, extending the climb.