Makrognosis

Italy Core Inflation Rate

MonthlyNot seasonally adjustedCode IT.CPICORE.M.NSA

Latest (y/y)2.3%October 2026
Previous (y/y)1.9%September 2026
Level103.6October 2026

Italy Core Inflation Rate was up 2.3% year on year in October 2026, compared with 1.9% in September 2026.

The level stood at 103.6 (index).

Among the 50 economies Makrognosis covers on this measure, it is the 13th lowest.

Over the past ten years it has ranged from −0.9% (Jul 2021) to 5.5% (Feb 2023), averaging 1.7%.

Italy Core Inflation Rate, annual % change, Dec 2000 – Oct 2026−2%0%2%4%6%20052010201520202025Robomacro
Italy Core Inflation Rate, annual % change, Dec 2000 – Oct 2026. Source: Eurostat (Statistical Office of the European Union).
Italy Core Inflation Rate, level (index)60708090100200020052010201520202025Robomacro
Italy Core Inflation Rate, level (index).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
October 2026103.62.3
September 2026103.21.9
August 2026101.11.7
July 2026101.41.8
June 2026103.01.7
May 2026102.82.0
April 2026102.41.7
March 2026101.11.8
February 202699.702.7
January 202699.101.8
December 2025101.11.9
November 2025100.81.8
October 2025101.31.9
September 2025101.32.1
August 202599.401.9
July 202599.602.0
June 2025101.32.0
May 2025100.81.8
April 2025100.72.1
March 202599.301.8
February 202597.101.6
January 202597.301.8
December 202499.201.7
November 202499.002.0

Last 24 observations. The full history (323 observations) is available through the API.

Get Italy Core Inflation Rate in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/IT.CPICORE.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/IT.CPICORE.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationOctober 2026
First observationDecember 1999
Observations323
FrequencyMonthly
Unitsindex
AdjustmentNot seasonally adjusted
10-year high5.5% (Feb 2023)
10-year low−0.9% (Jul 2021)
10-year average1.7%
Source agencyEurostat (Statistical Office of the European Union)
Makrognosis codeIT.CPICORE.M.NSA

Core Inflation Rate: how Italy compares

#EconomyPeriodLatest
1ArgentinaSep 202631.6%
2TurkeyOct 202628.5%
3RomaniaSep 20267.0%
4IcelandSep 20266.8%
5KosovoSep 20266.2%
33BelgiumOct 20262.7%
34NorwayOct 20262.7%
35MaltaOct 20262.4%
36AlbaniaSep 20262.4%
37GermanyOct 20262.3%
38ItalyOct 20262.3%
39JapanSep 20262.2%
40SingaporeSep 20262.0%
41LuxembourgOct 20262.0%
42FranceOct 20262.0%
43SloveniaOct 20261.9%
44MalaysiaSep 20261.7%

Core Inflation Rate by country: all 50 economies ranked →

Other Italy indicators

Italy GDP (Gross Domestic Product)Italy Gross domestic product, Current prices, million EURItaly Inflation Rate (CPI)Italy Unemployment RateItaly 10-Year Government Bond YieldItaly Credit Rating & Sovereign Risk ScoreItaly Industrial ProductionItaly Retail SalesItaly Producer Price Inflation (PPI)Italy Current account balance (BPM6, vs rest of world), not seasonally adjustedItaly Current account balance, % of GDPItaly Trade Balance: Goods & ServicesItaly Exports of goods and services, Current prices, million EURItaly Exports of goods and services, chain-linked volumeItaly Exports of goods, total trade (World), seasonally adjustedItaly Imports of goods and services, Current prices, million EUR

FAQ

What is the current core Inflation Rate in Italy?
The latest reading is 2.3% year on year for October 2026, published by Eurostat (Statistical Office of the European Union).
Where does this data come from?
It is collected directly from Eurostat (Statistical Office of the European Union) and is available through the Makrognosis API under the code IT.CPICORE.M.NSA.

Last updated 2026-11-05. Source: Eurostat (Statistical Office of the European Union). Original title: “Italy HICP: Core (excl. energy, food, alcohol & tobacco) (2025=100)”.