SAN MARINO – The cooling phase of inflation in the Republic continues. According to data released by‘National Statistics Officein June 2026 the national consumer price index for families of workers and employees (FOI), net of tobacco, recorded an increase of 1.11% compared to the same month of 2025.
This is a clear slowdown compared to previous months: after the peak of the first half of the year reached in March (+2.30%), the trend dynamic had already fallen to +2.01% in April and +1.73% in May, reaching 1.11% in June.
What goes up and what goes down
The general slowdown in the index summarizes very different trends between the different expenditure items.
Housing and utilities: it is the sector with the most marked increase, recording a +3.24% on an annual basis for water, electricity, gas and other fuels.
Restaurants and hotels: catering and accommodation services grow by +2.90%.
Food: the entire sector marks a +1.51%. Within this there are strong increases in prices for vegetables (+9.11%), meat (+2.53%) and fruit (+1.87%). Cereals (-1.04%) and above all oils and fats (-6.68%) went against the trend.
Transport in decline: the division goes below zero with a -0.24% trend, after +5.20% in April and +3.01% in May. The drop in fuel prices, petrol, diesel and LPG, in the San Marino territory was decisive.
The coffee surprise: The decline in coffee inflation continues, the trend variation of which collapses from +18.2% in January to just +1.0% in June.
The data confirm a progressive reduction in the inflationary pressure in the San Marino economy, driven in particular by the reduction of energy and fuel costs.
