Italian Annual Inflation Rate Rises to 5.4% in October, Preliminary Data Shows

06:13 AM EDT, 10/30/2026 (MT Newswires) -- Italy's annual inflation rate increased to 5.4% in October from 4.2% in September, provisional data from statistics agency Istat showed Friday. The consensus estimate for the month was 4.6%. On a monthly basis, consumer prices were up 0.9%, compared with the market forecast of a 0.1% uptick and the prior 0.7% rise. The Italian harmonized inflation rate stood at 5.6% on an annual basis, against the previous reading of 4.2% and the expected 4.6%. Month over month, harmonized consumer prices were 1.2% higher, against the prior 2.1% gain and forecast of a 0.5% increase.