Inflation Italy 2004
Average inflation: 2.2%
Current Inflation
Inflation is normal at 2.2%, around the ECB target.
Peak and Trough
The highest inflation was in June at 2.4%. The lowest inflation was in November at 1.9%.
- Highest month
- June: 2.4%
- Lowest month
- November: 1.9%
- Difference
- 0.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 8.0%. The lowest price increase was in Communication with an average of -6.4%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 8.0%
- Lowest increase
- Communication: -6.4%
Historical Context
Current inflation is around the 5-year average of 2.5%. This approaches the lowest level since records began (2.2% in 2004).
- 5-year average
- 2.5%
- 10-year average
- 2.5%
- All-time high (2001)
- 2.8%
- All-time low (2004)
- 2.2%
Trend
Inflation has remained relatively stable. Compared to 2003, the difference is minimal (-0.5 percentage point).
- Change vs. previous year
- -0.5 percentage points
- Largest monthly swing
- September: -0.7 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 2.2% | -0.6 |
| February | 2.3% | -0.3 |
| March | 2.3% | -0.4 |
| April | 2.3% | -0.4 |
| May | 2.3% | -0.4 |
| June | 2.4% | -0.3 |
| July | 2.3% | -0.4 |
| August | 2.3% | -0.5 |
| September | 2.1% | -0.7 |
| October | 2.0% | -0.6 |
| November | 1.9% | -0.6 |
| December | 2.0% | -0.5 |
| Average | 2.2% |
Data source
Data from OECD. Last updated: 11/01/2026.