FX.co ★ Italy’s Inflation Eases Slightly in February as CPI Slips to 1.5% YoY

Italy’s consumer price growth slowed modestly in February, with the annual Consumer Price Index (CPI) reading edging down to 1.5% year-over-year from 1.6% previously. The latest figure, updated on 17 March 2026, confirms a mild deceleration in inflation pressures in the Italian economy.

Both the current and previous readings refer to February 2026 on a year-over-year basis, comparing price levels to those of February a year earlier. The move from 1.6% to 1.5% suggests that, while prices are still rising, the pace of increase has softened slightly, potentially easing some pressure on households and businesses.

The year-over-year comparison framework means the “actual” figure reflects how prices in February 2026 compare with February a year before, while the “previous” figure captured how inflation in the prior month compared with the same month a year earlier. This marginal cooling will be closely watched by markets and policymakers for signs of how underlying inflation dynamics are evolving in Italy.