FX.co ★ Italy’s Consumer Prices Edge Higher in July, MoM Inflation Rebounds to 0.3%

Italy’s consumer price inflation picked up modestly in July, with the month-over-month Consumer Price Index (CPI) rising 0.3%, after registering no change in the previous reading. The latest data, updated on 12 August 2026, indicate that price pressures have firmed slightly compared with the prior month’s flat 0.0% result.

Both the previous and current data refer to July 2026, with the “actual” figure capturing the change in prices from June to July, and the “previous” figure reflecting the change from May to June. The move from 0.0% to 0.3% on a month-over-month basis suggests a mild but noticeable acceleration in consumer prices, signaling a modest return of inflationary momentum in Italy as the summer progresses.