Italy’s consumer price inflation accelerated sharply in April 2026, with the national index (NIC) rising 2.8 per cent year on year (YoY), up from 1.7 per cent in March, according to provisional estimates from Italian National Institute of Statistics (Istat). On a month-on-month (MoM) basis, prices increased 1.2 per cent.

The rise was largely driven by a rebound in energy costs. Prices of non-regulated energy products surged from a 2 per cent decline to a 9.9 per cent increase, while regulated energy prices rose 5.7 per cent after previously contracting, Istat said in a press release.

Italy’s inflation rose to 2.8 per cent YoY in April 2026 from 1.7 per cent in March, driven by a sharp rebound in energy prices, Istat said.
Monthly inflation stood at 1.2 per cent.
Goods inflation strengthened, while services inflation eased.
Transport costs increased notably.
The harmonised index (HICP) rose 2.9 per cent YoY, reflecting higher prices and seasonal factors.

In contrast, services inflation showed signs of moderation. Prices for recreation-related services eased to 2.6 per cent YoY, while transport services slowed sharply to 0.5 per cent. Overall services inflation decelerated to 2.4 per cent from 2.8 per cent in March.

Goods inflation, however, strengthened significantly, rising 3.2 per cent YoY compared with 0.8 per cent in the previous month. This narrowed the inflation gap between goods and services to -0.8 percentage points, down from +2 percentage points in March.

The monthly increase in the index was primarily led by higher prices for non-regulated energy (+5.7 per cent), transport services (+1.6 per cent), and recreation-related services (+1.4 per cent).

Among major consumption categories, water, electricity and fuels recorded a sharp 5.3 per cent annual increase, while transport prices rose 3.8 per cent.

Italy’s harmonised index of consumer prices (HICP), which allows comparison across the euro area, rose 2.9 per cent YoY in April, up from 1.6 per cent in March. On a monthly basis, HICP increased 1.7 per cent, partly reflecting the end of seasonal discounts in clothing and footwear.

Fibre2Fashion News Desk (SG)

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