FX.co ★ Italy’s Inflation Eases in January as CPI Slows to 1.0% YoY

Italy’s consumer price growth cooled at the start of 2026, with the annual Consumer Price Index (CPI) rising 1.0% year-over-year in January, down from 1.2% in December 2025. The data, updated on 4 February 2026, indicate a modest easing of inflationary pressures in the eurozone’s third-largest economy.

Both the January figure and the previous month’s reading are measured against the same month a year earlier, highlighting a gradual slowdown in price increases. December’s 1.2% represented the year-over-year change for that month, while January’s 1.0% reflects the change relative to January a year ago.

The deceleration in headline inflation may provide some relief to households and could influence market expectations about the broader price trajectory in Italy, as investors and policymakers monitor whether this softer trend persists in the coming months.