FX.co ★ Italian HICP Eases Slightly to 2.8% Year-on-Year in April

Italy’s Harmonised Index of Consumer Prices (HICP), measured on a year-over-year basis, edged down to 2.8% in April 2026, compared with 2.9% in the previous reading. The data, updated on 15 May 2026, show a marginal cooling in inflationary pressures as measured against the same month a year earlier.

The latest figure indicates that, while inflation remains present in the Italian economy, the pace of price increases has slowed slightly. The “actual” April reading reflects changes versus April of the prior year, while the “previous” figure captured the annual rate recorded in the preceding month, also compared to the same month a year earlier. This small decline in the HICP suggests a modest step toward more stable consumer prices in Italy.