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Italy Inflation March 2024

Italy: Harmonized inflation rises in March

Harmonized inflation increased to 1.2% in March from February’s 0.8%. March’s figure marked the highest inflation rate since October 2023. Looking at the details of the release, housing and utilities prices fell at a more moderate pace in March compared to the previous month, while price pressures for transportation picked up pace.

The trend pointed down, with annual average harmonized inflation coming in at 3.8% in March (February: 4.4%). Meanwhile, consumer price inflation rose to 1.2% in March, from the previous month’s 0.8%.

Lastly, harmonized consumer prices rose 1.11% in March over the previous month, swinging from February’s 0.07% drop. March’s figure was the highest reading since September 2023.

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