Preliminary data shows Italy’s national consumer price index (NIC) rose 0.2% monthly and 2.8% annually in July 2026, down from 3.0% in June. The slowdown reflects lower price growth in unprocessed foods (3.8% annual increase) and unregulated energy (10.6% annual rise), while regulated energy and transport services saw accelerated growth. Core inflation, excluding energy and fresh foods, remained stable at 1.6%. Annual price increases for goods decelerated to 3.1%, with services holding steady at 2.6%. The harmonized IPCA index rose 2.9% annually but fell 1.0% monthly due to seasonal adjustments. Food and non-alcoholic beverages prices rose 1.3% annually, while high-frequency items saw a slight decline to 3.6%.
© Istat.
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