FX.co ★ Italy’s HICP Inflation Eases to 0.3% in May on Month-Over-Month Basis

Italy’s Harmonised Index of Consumer Prices (HICP) slowed in May 2026, with month-over-month inflation easing to 0.3%, down from 0.4% in the previous month. The latest figures, updated on 16 June 2026, indicate a modest cooling in price momentum compared with the earlier monthly rise.

On a month-over-month basis, the May reading reflects a smaller increase in prices relative to the prior month’s change, suggesting that short-term inflationary pressures may be stabilizing. The “previous” comparison captures the change in April versus March, while the “actual” figure shows how prices in May moved in relation to April.