Italy January final CPI +1.0% vs +1.0% y/y prelim

  • Latest data released by Istat - 23 February 2026
ITALY INFLATION
  • Prior +1.2%
  • HICP +1.0% vs +1.0% y/y prelim
  • Prior +1.2%

Slight delay in the release by the source. Looking at the details, services inflation is the one that is keeping higher at 2.5% last month. Meanwhile, goods price inflation is actually recording a -0.2% annual change. Overall, that leaves core annual inflation at 1.7% in Italy to start the year. And that's sort of the spot that the ECB wants to get inflation to as a whole for the region.

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