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Italian Inflation Rate Inches Lower
The annual consumer price inflation in Italy inched lower to 1.6% in August of 2025 from 1.7% in the previous month, below market expectations of 1.7% to mark the softest increase since May, according to a preliminary estimate. In the meantime, the EU-harmonized rate also inched lower by 0.1 percentage point to 1.7%, contributing softer inflationary pressures in the Eurozone. Inflation eased for regulated energy goods (12.9% vs 17.1% in July) and communication services (0.2% vs 0.5%), while consumer prices fell further for non-regulated energy goods (-5.9% vs -5.2%). On the other hand, prices accelerated for non-processed (5.6% vs 5.1%) and processed (3% vs 2.8%) food and cultural and recreational services (2.9% vs 2.7%). Core inflation, which excludes fresh food and energy, inched higher to 2.1% vs 2% in July. From the previous month, the Italian CPI rose by 0.1%.
Published on 2025-08-29

Italian Inflation Rate Inches Lower
The annual consumer price inflation in Italy inched lower to 1.6% in August of 2025 from 1.7% in the previous month, below market expectations of 1.7% to mark the softest increase since May, according to a preliminary estimate. In the meantime, the EU-harmonized rate also inched lower by 0.1 percentage point to 1.7%, contributing softer inflationary pressures in the Eurozone. Inflation eased for regulated energy goods (12.9% vs 17.1% in July) and communication services (0.2% vs 0.5%), while consumer prices fell further for non-regulated energy goods (-5.9% vs -5.2%). On the other hand, prices accelerated for non-processed (5.6% vs 5.1%) and processed (3% vs 2.8%) food and cultural and recreational services (2.9% vs 2.7%). Core inflation, which excludes fresh food and energy, inched higher to 2.1% vs 2% in July. From the previous month, the Italian CPI rose by 0.1%.
Published on 2025-08-29

Italian Inflation Holds at 1.7%
The annual inflation rate in Italy remained unchanged from the previous month at 1.7% in July of 2025, aligned with the preliminary estimate, and contrasting with the initial market expectations that it would ease to 1.5%. Consistently, the EU-harmonized inflation rate inched lower to 1.7% from 1.8% in the previous month, tying the lowest rate so far this year and remaining below the ECB's target of 2%, but above expectations of 1.6%. Inflation rose for both unprocessed (5.1% vs 4.2% in June) and processed (2.8% vs 2.7%) food, in addition to miscellaneous services (2.2% vs 1.6%) and transportation services (3.3% vs 2.9%). In turn, prices slowed for regulated energy (17.1% vs 22.6%) and recreational and cultural services (2.7% vs 3.2%). The core inflation rate, which excludes volatile and often exogenous fresh food and energy subindices, remained unchanged at 2%. From the previous month, the Italian CPI rose by 0.4%.
Published on 2025-08-11

Italian Inflation Unexpectedly Remains Unchanged
The annual inflation rate in Italy remained unchanged from the previous month at 1.7% in July of 2025, contrasting with market expectations that it would have eased to 1.5%, according to a preliminary estimate. Consistently, the EU-harmonized inflation rate inched lower to 1.7% from 1.8% in the previous month, tying the lowest rate so far this year and remaining below the ECB's target of 2%, but above expectations of 1.6%. Inflation rose for both unprocessed (5.1% vs 4.2% in June) and processed (3.1% vs 2.7%) food, in addition to miscellaneous services (2.2% vs 1.6%) and transportation services (3.4% vs 2.9%). In turn, prices slowed for regulated energy (16.7% vs 22.6%) and recreational and cultural services (2.6% vs 3.2%). The core inflation rate, which excludes volatile and often exogenous fresh food and energy subindices, remained unchanged at 2%. From the previous month, the Italian CPI rose by 0.4%.
Published on 2025-07-31

Italian Inflation Unexpectedly Remains Unchanged
The annual inflation rate in Italy remained unchanged from the previous month at 1.7% in July of 2025, contrasting with market expectations that it would have eased to 1.5%, according to a preliminary estimate. Consistently, the EU-harmonized inflation rate inched lower to 1.7% from 1.8% in the previous month, tying the lowest rate so far this year and remaining below the ECB's target of 2%, but above expectations of 1.6%. Inflation rose for both unprocessed (5.1% vs 4.2% in June) and processed (3.1% vs 2.7%) food, in addition to miscellaneous services (2.2% vs 1.6%) and transportation services (3.4% vs 2.9%). In turn, prices slowed for regulated energy (16.7% vs 22.6%) and recreational and cultural services (2.6% vs 3.2%). The core inflation rate, which excludes volatile and often exogenous fresh food and energy subindices, remained unchanged at 2%. From the previous month, the Italian CPI rose by 0.4%.
Published on 2025-07-31

Italian Inflation Confirmed at 1.7%
The annual inflation rate in Italy inched higher to 1.7% in June of 2025 from 1.6% in the previous month, in line with the preliminary estimate and initial market expectations. In turn, the EU-harmonized inflation rate rose to 1.8% from 1.7% in the earlier period, revised higher from the flash estimate of 1.7% but in line with the preliminary estimates. Inflation rose for both non-processed (4.2% vs 3.5% in May) and transportation services (2.9% vs 2.6%). Additionally, deflation was softer for durable goods (-0.8% vs -1.1%). On the other hand, prices slowed for regulated energy (22.6% vs 29.3%), potentially impacting the slowdown for housing and utilities cost (2.4% vs 3.9%). The core inflation rate, which excludes volatile and often exogenous fresh food and energy subindices, rose to 2% from 1.9% in May, revised lower from the initial flash estimate of 2.1%. From the previous month, Italian consumer prices rose by 0.2%.
Published on 2025-07-16

Italy Inflation Rate Inches Higher as Expected
Italy's annual consumer price inflation inched higher to 1.7% in June of 2025 from 1.6% in the previous month, in line with market expectations. In turn, the EU-harmonized was slightly below market expectations at 1.7% to hold below the ECB's 2% target for the second straight month. Inflation rose for both non-processed (4.2% vs 3.5% in May) and processed food (3% vs 2.7%), in addition to transportation services (2.9% vs 2.6%). Additionally, deflation was softer for durable goods (-0.8% vs -1.1%). On the other hand, prices slowed for regulated energy (22.7% vs 29.3%) and decreased faster for unregulated energy (-4.6% vs -4.3%). The core inflation rate, which excludes volatile and often exogenous fresh food and energy subindices, rose to 2.1% from 1.9% in May. From the previous month, Italian consumer prices rose by 0.2%.
Published on 2025-06-30

Italy Inflation Rate Inches Higher as Expected
Italy's annual consumer price inflation inched higher to 1.7% in June of 2025 from 1.6% in the previous month, in line with market expectations. In turn, the EU-harmonized was slightly below market expectations at 1.7% to hold below the ECB's 2% target for the second straight month.
Published on 2025-06-30

Italy Inflation Rate Lower Than Initially Thought
Italy’s annual consumer price inflation eased to 1.6% in May 2025, below the preliminary estimate of 1.7% and down from 1.9% in April. This marks the lowest inflation rate since February and remained below the European Central Bank’s 2% target for the 20th consecutive month, reinforcing signs of persistent disinflationary pressures in the eurozone’s third-largest economy. The slowdown was mainly driven by softer price growth for regulated energy goods (29.3% vs 31.7% in April), unprocessed food (3.5% vs 4.2%), recreational, cultural, and personal care services (3.1% vs 3.6%), and transport-related services (2.6% vs 4.4%). Meanwhile, prices continued to decline for non-regulated energy goods (-4.3% vs -3.4%), and durable goods (-1.1% vs -1.4%). Conversely, inflation picked up for processed food products (2.7% vs 2.2%). On a monthly basis, consumer prices slipped 0.1%, compared to a 0.1% increase in April and an initial estimate of a flat reading.
Published on 2025-06-16

Italy's Inflation Slows to 1.7% in May, Matching Expectations
Italy’s annual consumer price inflation eased to 1.7% in May 2025, down from 1.9% in both March and April, according to preliminary data. The figure was in line with market expectations and marked the lowest inflation rate since February. It also remained below the European Central Bank’s 2.0% target for the 20th consecutive month, reinforcing the view of persistent disinflationary pressures in the eurozone’s third-largest economy. The slowdown in inflation was mainly driven by lower price growth for regulated energy goods (29.1% vs. 31.7% in April) and unprocessed food (3.7% vs. 4.2%), as well as services related to recreation, culture, personal care (3.0% vs. 3.6%) and transport (2.6% vs. 4.4%). In addition, there was a sharper decline in non-regulated energy goods prices (-4.3% vs. -3.4%). On a monthly basis, consumer prices were flat in May, following a 0.1% increase in April and coming in slightly below the expected 0.1% rise.
Published on 2025-05-30

Italy Inflation Rate Revised Lower
The annual inflation rate in Italy was unchanged from the prior month at 1.9% in April of 2025, revised lower from the preliminary estimates of 2.0% and slightly below the initial market expectations of 2.0%. The inflation rate remained at its highest in 18 months, extending the period of normalization of the Italian consumer basket that underwent periods of surges and plunges amid energy and food shocks after the Russian invasion of Ukraine. Prices rose faster for regulated energy (31.7% vs 27.2% in March), transportation services (4.4% vs 1.6%), and both fresh (4.2% vs 3.3%) and processed food (2.2% vs 1.9%). In the meantime, non-regulated energy prices swung to a decline (-3.4% vs 0.7%). The core inflation rate, which excludes energy and unprocessed food, rose sharply to 2.1% from 1.7% in the previous month, the highest in one year. From the previous month, the Italian CPI rose by 0.1%.
Published on 2025-05-16

Italian Inflation Rises as Expected
The annual inflation rate in Italy edged higher to 2% in April of 2025 from 1.9% in the previous month, in line with market expectations. It was the sharpest increase in 19 months, extending the normalization of price growth among major parts of the Italian consumer basket that underwent periods of surges and plunges amid energy and food shocks after the Russian invasion of Ukraine. Inflation picked up for regulated energy (32.9% vs 27.2% in March), transportation services (4.4% vs 1.6%), and both fresh (4.2% vs 3.3%) and processed food (2.3% vs 1.9%). In the meantime, non-regulated energy prices swung to a decline (-2.9% vs 0.7%). The core inflation rate, which excludes energy and unprocessed food, rose sharply to 2.1% from 1.7% in the previous month, the highest in one year. From the previous month, the Italian CPI rose by 0.2%.
Published on 2025-04-30

Italy Inflation Rate Revised Lower
The annual inflation rate in Italy rose to 1.9% in March of 2025 from 1.6% in the earlier month, the highest in 18 months, but revised lower from the preliminary estimate of 2%. The increase marked the continued stabilization of price growth among major parts of the Italian consumer basket that underwent periods of surges and plunges amid energy and food shocks after the Russian invasion of Ukraine. Non-regulated energy prices rebounded (0.7% vs -1.9% in February), while they rose at a faster pace for tobacco (4.6% vs 4.1%), non-processed food (3.3% vs 2.9%), and recreational and cultural services (3.5% vs 3.1%). In turn, regulated energy inflation slowed (27.2% vs 31.4%). Annual core inflation, which excludes energy and fresh good, was unchanged from the previous month at 1.7%. From the previous month, the CPI rose by 0.2%.
Published on 2025-04-16

Italian Inflation Rate Climbs to 1-1/2-Year High
Italy’s consumer price inflation accelerated to 2.0% year-on-year in March 2025, up from 1.6% in February, surpassing market expectations of 1.6%, according to a preliminary estimate. This marked the highest inflation rate since September 2023, driven primarily by rising costs in several categories: non-regulated energy products (1.3% vs. -1.9% in February), tobacco (4.6% vs. 4.1%), unprocessed food (3.3% vs. 2.9%), services related to communication (0.8% vs. 0.5%), and services related to recreation, including repair and personal care (3.3% vs. 3.1%). Meanwhile, the decline in durable goods prices slowed (-1.2% vs. -1.5%). Core inflation, which excludes volatile components such as energy and unprocessed food, remained steady at 1.7% in March.
Published on 2025-03-31

Italy Inflation Rate Revised Lower
The annual inflation rate in Italy edged to 1.6% in February of 2025 from 1.5% in the previous month, revised lower from the preliminary estimate of 1.7% and below the initial market expectations of 1.7%. Despite the downward revision, it was the highest inflation rate since September of 2023 as consumer price growth normalizes following the base effects from the energy crisis of 2022, which drove inflation to remain below the 1.5% threshold for the past 15 months. Prices accelerated for regulated energy goods (31.4% vs 27.5% in January) and fell less for non-regulated energy (-1.9% vs -3%). In turn, inflation eased for transportation services (1.9% vs 2.5%), recreational and cultural services (3% vs 3.3%), and communication services (0.5% vs 1.1%). In turn, the core inflation rate, which is net of energy and food goods, remained unchanged at 1.8%. From the previous month, Italian consumer prices edged 0.2% higher in the period.
Published on 2025-03-17

Italy Inflation Rate Rises to 16-Month High as Expected
The annual inflation rate in Italy rose to 1.7% in February of 2025 from 1.5% in the previous month, in line with market expectations, according to a preliminary estimate. It was the highest inflation rate since September of 2023, pointing to a normalization of consumer price growth after base effects from the energy crisis of 2022 drove inflation to remain below the 1.5% threshold for the past 15 months. Prices accelerated for regulated energy goods (31.5% vs 27.5% in January) and fell less for non-regulated energy (-1.9% vs -3%). In turn, inflation eased for transportation services (1.9% vs 2.5%), recreational and cultural services (3% vs 3.3%), and communication services (0.5% vs 1.1%). In turn, the core inflation rate, which is net of energy and food goods, remained unchanged at 1.8%. From the previous month, Italian consumer prices edged 0.2% higher in the period.
Published on 2025-02-28

Italy Inflation Rate Confirmed at 15-Month High
The annual inflation rate in Italy rose to 1.5% in January 2025, up from 1.3% in the previous two months, in line with preliminary estimates. This marked the sharpest increase in consumer prices since October 2023, largely driven by a sharp rise in regulated energy costs (27.5% vs. 12.7% in December), following higher power prices across select European countries due to the halt in Russian gas flows to Europe, which triggered a surge in LNG prices. At the same time, the decline in non-regulated energy prices slowed (-3% vs. -4.2%). Prices for recreational, cultural, and personal care services rose at a faster pace (3.3% vs. 3.1%), though this was partly offset by a slower increase in transport-related service costs (2.5% vs. 3.6%). Meanwhile, annual core inflation remained stable at 1.8% in January. On a monthly basis, the CPI jumped 0.6%, marking the largest increase since October 2022, accelerating from a 0.1% rise in December.
Published on 2025-02-21

Italian Inflation Unexpectedly Rises to 15-Month High
Italy’s annual inflation rate rose to 1.5% in January of 2025 from 1.3% in the previous two months, well ahead of expectations that it would have remained at 1.3%, to mark the sharpest increase in consumer prices since October of 2023, according to a flash estimate. The acceleration was owed to the increase in regulated energy goods )27.8% vs 12.7% in December 2024), tracking the rise in power prices across selected European countries as the halt of gas flows from Russia to Europe triggered surges in LNG prices, while Italy increased the export of power to Germany. In turn, non-regulated energy deflation slowed (-3% vs -4.2%). Costs also rose for processed food (2% vs 1.7%), offsetting the slowdown in inflation for transportation services (2.5% vs 3.6%) and communication services (0.9% vs 1.2%). In the meantime, annual core inflation was unchanged at 1.8%.
Published on 2025-02-03

Italian Inflation Confirmed at 1.3%
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%.
Published on 2025-01-16

Italian Inflation Rate Steady at 1.3%, Below Forecasts
The annual inflation rate in Italy stood at 1.3% in December of 2024, matching November's rate and against market expectations of 1.5%, according to a flash estimate. Prices for unprocessed food slowed significantly to 2.5% from 3.8% in November, while the cost of services related to recreation, eased to 3.1% from 3.7%. At the same time, prices for unregulated energy continued to decline, dropping by 4.2% compared to 6.6% before. Meanwhile, processed food prices rose by 2%, up from 1.9% and prices for regulated energy saw a sharp acceleration, rising to 11.9% from 7.4%. Meanwhile, core inflation, excluding fresh food and energy, eased to 1.8%, down from 1.9% in November. On a month-on-month basis, the Italian CPI rose by 0.1% in December, following a 0.1% fall in November and below market forecasts of a 0.3% advance. The harmonized index of consumer prices (HICP) rose by 1.4% on a yearly basis (vs 1.5% in November) and by 0.1% compared with the previous month.
Published on 2025-01-07