Inflation Rate (CPI): Italy

Analysis# Italy Inflation Rate (CPI) Italy's inflation rate stands at 2% in 2026, a dramatic shift from its peak of 21.8% in 1980. Over the past 46 years, inflation has declined 90.8%, reflecting structural economic changes and effective monetary policy. The country briefly touched deflation at -0.1% in 2016, demonstrating how far it had moved from the high-inflation era of the 1980s. The most striking recent development was the 2022 spike to 8.7%, driven by global energy shocks and supply chain disruptions. Italy's inflation moderated sharply thereafter, falling to 1.1% by 2024 before ticking up slightly to 2% in 2026. This trajectory suggests stabilization around the eurozone's target range, with no indication of returning to either the deflationary pressures of 2016 or the inflationary surges of 2022.