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, in line with preliminary estimates. This marked the first slowdown in consumer price growth since January, driven by more moderate increases in prices for 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%).
At the same time, upward pressure from energy costs—linked to supply disruptions in the Middle East—continued to filter through to consumers. Prices for regulated energy accelerated to 9.2% from 5.6%, while unregulated energy prices rose 13.3%, up from 12.5%.
On a monthly basis, consumer prices were flat in June, following a 0.4% increase in May. Core inflation, which excludes energy and fresh food, edged down to 1.6% from 1.7%, and inflation excluding only energy also slowed, to 1.9% from 2.1%.
The Harmonised Index of Consumer Prices (HICP) was unchanged month-on-month and increased 3.0% year-on-year, easing from 3.2% in May.
