Skyline of Florence, Italy

Italy Inflation November 2023

Italy: Harmonized inflation recedes in November

Harmonized inflation came in at 0.7% in November, down from October’s 1.9%. November’s reading marked the lowest inflation rate since March 2021. The decline was broad-based, with lower price pressures recorded for food and non-alcoholic beverages, transportation, and housing and utilities. Moreover, prices for recreation grew at a more subdued pace.

Annual average harmonized inflation fell to 6.9% in November (October: 7.9%). Meanwhile, consumer price inflation fell to 0.7% in November, from the previous month’s 1.7%.

Finally, harmonized consumer prices fell 0.55% in November over the previous month, contrasting the 0.07% increase logged in October. November’s result marked the weakest reading since July.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest