Italy: Inflation accelerates in April from March
Latest reading: Harmonized consumer prices rose 2.8% in annual terms in April, following a 1.6% rise in the prior month. April’s reading was the strongest since September 2023.
Relative to the prior month’s figures, there were higher price pressures for food and non-alcoholic beverages (+3.0% in annual terms vs +2.8% in March), transportation (+3.8% vs +2.0% in March), housing and utilities (+5.1% vs -1.5% in March) and recreation (+1.6% vs +1.3% in March). In contrast, price pressures reduced for restaurants and hotels in April (+2.8% vs +3.5% in March).
Meanwhile, consumer prices rose 2.7% in annual terms in April, following a 1.7% increase in the prior month.
Lastly, harmonized consumer prices were up 1.57% in April on a month-on-month basis, following a 1.70% rise in the previous month.