FX.co ★ Italy’s Monthly Inflation Doubles in January as CPI Rises to 0.4%

Italy’s consumer price index (CPI) accelerated in January 2026, with the month‑over‑month rate rising to 0.4%, up from 0.2% in December 2025. The latest figure, updated on 4 February 2026, indicates that prices increased at twice the pace seen in the previous month on a sequential basis.

The data are measured on a month‑over‑month basis, meaning January’s 0.4% reading reflects the change in prices compared with December 2025, while December’s 0.2% figure showed the change compared with November 2025. The pickup suggests a firming in short‑term inflation dynamics at the start of 2026, a development that investors and policymakers will be watching closely for potential implications for Italian consumer spending and broader eurozone price trends.