Inflation is slowing in San Marino, but behind the headline figure some of the items that weigh most heavily on everyday spending are still seeing sharp increases. In April 2026, the consumer price index for households of blue- and white-collar workers (FOI), net of tobacco, stood at 101.88 points, up 0.36% compared with March and 2.01% year-on-year.
This is according to data released by the National Statistics Office of the Republic of San Marino (Ufficio Nazionale di Statistica). The annual figure nonetheless shows a slowdown: in March, year-on-year price growth stood at 2.30%, compared with 2.01% recorded in April.
The main driver pushing the index upward over the month was restaurant and accommodation services, up 3.78%. The opposite trend was seen in transport, which fell 0.51% month-on-month, and in the housing, water, electricity, gas and other fuels category, down 0.55%.
On the food front, the overall picture appears stable compared with March, though with sharp differences between individual products. Prices for food and non-alcoholic beverages rose just 0.07% over the month and 2.11% over the year, slowing from the +3.02% recorded in March.
The main weight comes from fruit and nuts, which jumped 8.13% in a single month and reached +10.50% compared with April 2025. Vegetables, on the other hand, moved in the opposite direction, falling 3.76% month-on-month.
Among the products still showing particularly steep increases is coffee, with prices 12.14% higher than a year earlier. Oils and fats, by contrast, continue to post an annual decline of 6.83%.
The most striking figure, however, concerns petrol and other fuels. Despite a 1.25% drop compared with March, prices for fuel and lubricants for personal transport are 16.34% higher than in April last year.
This dynamic is reflected across the entire transport sector: the category fell 0.51% over the past month, but remains one of the components with the sharpest annual increase, at 5.20%.
Among the other items tracked by the Statistics Office, housing, water, electricity, gas and other fuels are up 3.06% year-on-year. Restaurant and accommodation services rose 1.37% compared with April 2025, while health care posted a +1.30%. Bucking the trend, information and communication fell 0.87%.
April’s snapshot therefore shows overall inflation easing compared with the previous month, but with some double-digit increases, concentrated above all in fuel, coffee and fruit.
The National Statistics Office also notes that since January 2026 the second version of the European ECOICOP classification has been adopted, together with the new 2025=100 reference base. To allow comparison with the previous year, 2026 year-on-year changes were calculated using the new structure reconstructed for 2025 as well.
