Italy’s consumer prices rise modestly to 1% YoY in January 2026

Italy’s consumer inflation slowed in January 2026, with the NIC rising 0.4 per cent month on month and 1 per cent year on year, according to Istat.
Core inflation stood at 1.7 per cent, while goods prices fell 0.2 per cent, widening the services gap.
The monthly rise was driven by regulated energy, while transport services declined.
HICP fell 1 per cent monthly but rose 1 per cent annually.