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%. source: National Institute of Statistics (ISTAT)

Inflation Rate in Italy increased to 1.50 percent in January from 1.30 percent in December of 2024. Inflation Rate in Italy averaged 5.50 percent from 1958 until 2025, reaching an all time high of 25.68 percent in January of 1975 and a record low of -2.63 percent in April of 1959. This page provides the latest reported value for - Italy Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2025.

Inflation Rate in Italy increased to 1.50 percent in January from 1.30 percent in December of 2024. Inflation Rate in Italy is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Inflation Rate is projected to trend around 1.40 percent in 2026 and 1.90 percent in 2027, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2025-01-16 09:00 AM Inflation Rate YoY Final Dec 1.3% 1.3% 1.3% 1.3%
2025-02-03 10:00 AM Inflation Rate YoY Prel Jan 1.5% 1.3% 1%
2025-02-21 09:00 AM Inflation Rate YoY Final Jan 1.3% 1.5% 1.5%

Components Last Previous Unit Reference
Energy Inflation -2.90 -5.50 percent Dec 2024
Food Inflation 2.30 2.10 percent Jan 2025
Services Inflation 2.60 2.80 percent Dec 2024

Related Last Previous Unit Reference
CPI Prel 121.20 121.10 points Dec 2024
Core Consumer Prices 115.80 115.60 points Dec 2024
Core Inflation Rate 1.80 1.90 percent Dec 2024
CPI Housing Utilities 144.50 144.00 points Dec 2024
CPI Transportation 123.40 122.50 points Dec 2024
Export Prices 127.80 126.90 points Nov 2024
GDP Deflator 113.74 112.89 points Sep 2024
Harmonised Consumer Prices 122.50 123.40 points Jan 2025
Import Prices 122.40 120.40 points Nov 2024
Inflation Rate YoY 1.50 1.30 percent Jan 2025
Inflation Rate MoM 0.60 0.10 percent Jan 2025
Producer Prices 124.90 122.70 points Dec 2024
PPI YoY 1.10 -0.50 percent Dec 2024

Italy Inflation Rate
In Italy, the most important categories in the Consumer Price Index are: food and non-alcoholic beverages (18 percent of total weight); transport (14 percent); and housing, water, electricity and other fuels (11 percent). The index also includes: miscellaneous goods and services (9 percent); restaurants and hotels (9 percent); health (9 percent); furnishings, household equipment and maintenance (8 percent); recreation and culture (7 percent); and clothing and footwear (6 percent). Alcoholic beverages and tobacco, communication, and education contribute to the remaining 7 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.30 25.68 -2.63 1958 - 2025 percent Monthly


News Stream
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%.
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%.
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.
2025-01-07