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    1. Home
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    3. >Italy September EU-harmonised CPI rises to 1.8% y/y, slightly above forecast
    Finance

    Italy September EU-harmonised CPI Rises to 1.8% Y/y, Slightly Above Forecast

    Published by Global Banking & Finance Review®

    Posted on September 30, 2025

    1 min read

    Last updated: January 21, 2026

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    Tags:GDPfinancial markets

    Quick Summary

    Italy's EU-harmonised CPI rose to 1.8% in September, surpassing forecasts. Monthly inflation increased by 1.3%, with core inflation stable at 2.2%.

    Italy's September Inflation Rate Hits 1.8%, Exceeding Expectations

    Overview of Italy's Inflation Data

    ROME (Reuters) -Italian EU-harmonised consumer prices (HICP) rose by a preliminary 1.3% month-on-month in September, with annual inflation increasing to 1.8%, data showed on Tuesday.

    Monthly and Annual Inflation Rates

    The reading was slightly above a median forecast in a Reuters survey of 8 analysts, which pointed to an increase of 1.1% month-on-month and a year-on-year rise of 1.7%.

    Core Inflation Analysis

    Official statistics agency ISTAT also reported that the main domestic price index (NIC) was down 0.2% on the month and up 1.6% annually in September, following a 1.6% annual rate in August.

    Comparison with Analyst Forecasts

    Core inflation (net of fresh food and energy) was stable at 2.2% year-on-year on the HICP index in September.

    (Reporting by Antonella Cinelli, graphic by Stefano Bernabei, editing by Gavin Jones)

    Table of Contents

    • Overview of Italy's Inflation Data
    • Monthly and Annual Inflation Rates
    • Core Inflation Analysis
    • Comparison with Analyst Forecasts

    Key Takeaways

    • •Italy's EU-harmonised CPI rose 1.8% year-on-year in September.
    • •Monthly inflation increased by 1.3%, exceeding forecasts.
    • •Core inflation remained stable at 2.2% year-on-year.
    • •ISTAT reported a 0.2% decrease in the domestic price index.
    • •Analyst forecasts were slightly below actual inflation rates.

    Frequently Asked Questions about Italy September EU-harmonised CPI rises to 1.8% y/y, slightly above forecast

    1What was the annual inflation rate in Italy for September?

    The annual inflation rate in Italy for September rose to 1.8%.

    2How did the September inflation rate compare to forecasts?

    The inflation rate was slightly above the median forecast of 1.7% year-on-year.

    3
    What did ISTAT report about the domestic price index?

    ISTAT reported that the main domestic price index was down 0.2% month-on-month and up 1.6% annually in September.

    4What was the core inflation rate in September?

    Core inflation, excluding fresh food and energy, remained stable at 2.2% year-on-year on the HICP index.

    5What was the month-on-month change in consumer prices for September?

    Italian EU-harmonised consumer prices rose by a preliminary 1.3% month-on-month in September.

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