Italy Inflation Rate

Last Release

Dec 31, 2024

Actual

1.3

Units In

1.3

Frequency

Monthly

Next Release

Feb 03, 2025

Time to Release

17 Days 20 Hours

Highest	Lowest	Average	Date Range	Source
25.64 Nov 1974	-0.6 Jan 2015	5.73 %	1962-2024	National Institute of Statistics (ISTAT)

In Italy, the most important categories in the Consumer Price Index are: food and non-alcoholic beverages (16 percent of total weight); transport (15 percent); restaurants and hotels (12 percent); housing, water, electricity and other fuels (10 percent); and miscellaneous goods and services (10 percent). The index also includes: health (9 percent); recreation and culture (8 percent); clothing and footwear (7 percent); and furnishing and household equipment (7 percent). Alcoholic beverages, tobacco, communication and education contribute with the remaining 6 percent.

Latest Updates

The annual inflation rate in Italy was at 1.3% in December of 2024, remaining unchanged from November’s rate and consistent with the preliminary estimate, undershooting the initial market expectation of 1.5% and remaining firmly below the Eurozone average. Inflation slowed for unprocessed food (2.3% vs 3.8% in November), enough to drive overall food inflation to also drop (1.7% vs 2.3%), while prices also decelerated for recreation and cultural services (3.1% vs 3.7%). Offsetting these declines, inflation picked up for regulated energy (12.7% vs 7.4%) and deflation slowed for regulated energy (-4.2% vs -6.6%). In the meantime, the core inflation rate, which excludes food and energy prices that usually move from exogenous factors, decelerated to 1.8% from 1.9% in November. From the previous month, Italian consumer prices edged higher by 0.1%.