Italien Verbraucherpreise

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%.