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Italy Inflation May 2024

Italy: Harmonized inflation declines to lowest level since December 2023 in May

Harmonized inflation came in at 0.8% in May, down from April’s 0.9%. May’s result marked the weakest inflation rate since December 2023. The reading was driven by moderating price pressures for food and non-alcoholic beverages and easing price pressures for housing and utilities.

Accordingly, the trend pointed down, with annual average harmonized inflation coming in at 2.6% in May (April: 3.2%). Meanwhile, consumer price inflation was unchanged, coming in at April’s 0.8% in May.

Lastly, harmonized consumer prices rose 0.27% from the previous month in May, moderating from April’s 0.55% increase. May’s result marked the weakest reading since February.

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