Core inflation, excluding energy and unprocessed food, stood at 1.7 per cent, while inflation excluding energy reached 1.9 per cent. Divergence between goods and services persisted, with goods prices declining 0.2 per cent YoY, resulting in an inflation gap of 2.7 percentage points, Istat said in a press release.
The monthly increase in the overall index was largely driven by regulated energy products, which surged 8.9 per cent. Transport-related services were the only category to decline, falling 3.8 per cent.
Italy’s consumer inflation slowed in January 2026, with the NIC rising 0.4 per cent month on month and 1 per cent year on year, according to Istat.
Core inflation stood at 1.7 per cent, while goods prices fell 0.2 per cent, widening the services gap.
The monthly rise was driven by regulated energy, while transport services declined.
HICP fell 1 per cent monthly but rose 1 per cent annually.
Meanwhile, Italy’s harmonised index of consumer prices (HICP) decreased 1 per cent MoM but registered a 1 per cent annual increase, also easing from 1.2 per cent in December, reflecting broader moderation in price dynamics at the start of the year.
Fibre2Fashion News Desk (SG)