FX.co ★ Italy’s Consumer Prices Edge Higher in July, Breaking Stagnation

Italy’s inflation ticked up modestly in July 2026, with the month‑over‑month Consumer Price Index (CPI) rising 0.2% after flatlining in June. The latest data, updated on 31 July 2026, mark a shift from June’s 0.0% reading, when prices showed no change compared with May.

The July increase indicates that price pressures, while still subdued, are picking up again after a brief pause. On a month‑over‑month basis, the “actual” figure for July compares the price changes between June and July, while the “previous” figure for June reflected the change from May to June. The move from 0.0% to 0.2% suggests a modest reacceleration in consumer prices as the Italian economy moves through the summer period.