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Italy’s annual inflation accelerates to 5.4% in October

Istat estimated on 30 October 2026 that Italian consumer prices rose 5.4% year on year in October, after 4.2% in September. The national NIC index increased 0.9% month on month.

Europa series euro banknotes.
Currency illustration, October 2019; not a price survey. Bericht, CC0. — Bericht / Wikimedia Commons — CC0 1.0 https://creativecommons.org/publicdomain/zero/1.0/ — 1er octobre 2019, sans modification.

The institute attributes the acceleration mainly to energy, with prices up 31.4% year on year, against 22.6% the previous month. Core inflation, excluding energy and fresh food, rises from 1.6% to 2%.

For European comparisons, the harmonised IPCA measure reaches 5.6% year on year and 1.2% month on month. These rates do not replace the NIC figures: they use a different measure.

This is a preliminary estimate. Istat schedules its next publication for 17 November; the results may be revised.

Sources 3