Italy’s consumer price growth slowed in July 2026, with the annual Consumer Price Index (CPI) easing to 2.8% year-on-year, down from 3.0% recorded in June 2026.
The July reading, updated on 31 July 2026, indicates a modest cooling in price pressures compared with the same month a year earlier. By comparison, June’s 3.0% figure reflected the change in prices versus June of the previous year, while the latest data measure July’s price levels against July a year ago.
The deceleration suggests inflationary momentum in Italy is losing some strength on a year-over-year basis, a development that may influence expectations around household purchasing power, wage negotiations, and the future stance of economic policy.
