FX.co ★ Italian Inflation Cools in March as Monthly CPI Growth Slows to 0.5%

Italy’s consumer price momentum eased in March 2026, with the country’s Month-over-Month Consumer Price Index (CPI) advancing 0.5%, down from a 0.7% increase recorded in February 2026.

The data, updated on 31 March 2026, indicate a moderation in short-term inflationary pressures compared with the previous month. While prices continued to rise, the slower pace suggests some cooling after February’s stronger month-on-month increase, when the 0.7% gain was measured against January’s price levels.

The March reading, in turn, compares price changes in March to those in February, in line with the Month-over-Month methodology, which tracks how inflation evolves on a rolling monthly basis rather than over a full year. Investors and policymakers are likely to watch upcoming releases closely to see whether this softer March figure marks the start of a more persistent trend of easing inflation in Italy.