Inflation Italy 2024
Average inflation: 1.0%
Current Inflation
Inflation is low at 1.0%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in July at 1.3%. The lowest inflation was in September at 0.7%.
- Highest month
- July: 1.3%
- Lowest month
- September: 0.7%
- Difference
- 0.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Restaurants and hotels with an average of 4.0%. The lowest price increase was in Communication with an average of -5.6%.
- Highest increase
- Restaurants and hotels: 4.0%
- Lowest increase
- Communication: -5.6%
Historical Context
Current inflation is 2.3% lower than the 5-year average of 3.3%.
- 5-year average
- 3.3%
- 10-year average
- 1.9%
- All-time high (2022)
- 8.2%
- All-time low (2020)
- -0.1%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +4.7 percentage point.
- Change vs. previous year
- -4.7 percentage points
- Largest monthly swing
- January: -9.2 percentage points
ECB Target
Inflation is 1.0% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 0.8% | -9.2 |
| February | 0.8% | -8.3 |
| March | 1.2% | -6.4 |
| April | 0.8% | -7.4 |
| May | 0.8% | -6.8 |
| June | 0.8% | -5.6 |
| July | 1.3% | -4.6 |
| August | 1.1% | -4.3 |
| September | 0.7% | -4.6 |
| October | 0.9% | -0.8 |
| November | 1.3% | +0.6 |
| December | 1.3% | +0.7 |
| Average | 1.0% |
Data source
Data from OECD. Last updated: 11/01/2026.