Italy's annual inflation rate stood at 1.3% in December 2024, matching November's rate and falling short of market expectations of 1.5%, according to a flash estimate.
Italy inflation remains unchanged in December
Prices for unprocessed food slowed significantly to 2.5% from 3.8% in November, while the cost of recreation-related services eased to 3.1% from 3.7%. At the same time, prices for unregulated energy continued to fall, dropping by 4.2% compared to a 6.6% decline in November. On the other hand, processed food prices rose by 2%, up from 1.9%, and regulated energy prices saw a sharp increase, rising to 11.9% from 7.4%. Core inflation, excluding fresh food and energy, eased to 1.8%, down from 1.9% in November.
Back to monthly inflation
On a monthly basis, Italy's CPI rose by 0.1% in December, following a 0.1% decline in November and falling below market expectations of a 0.3% increase. The harmonized index of consumer prices (HICP) rose by 1.4% year-on-year (compared to 1.5% in November) and increased by 0.1% from the previous month.
