Economy

Italy's Inflation Holds Steady at 1.3% in December, Defying Market Expectations

Stable Inflation Rates in Italy

In December, Italy's annual inflation rate remained unchanged at 1.3%, as per the preliminary data from the Italian National Institute of Statistics (Istat). This stable figure, mirroring November's rate, fell short of what market analysts had anticipated.

Factors Influencing Inflation

The steady inflation rate was largely due to decreases in the prices of unprocessed food, durable goods, and services related to recreation and personal care. Despite this, there was a noticeable increase in the prices of both regulated and non-regulated energy products during the same timeframe.

Harmonised Index of Consumer Prices (HICP)

Additionally, the Harmonised Index of Consumer Prices (HICP) saw a 1.4% increase on an annual basis and a 0.1% rise month-over-month, indicating a slight upward trend in consumer prices when adjusted for seasonal factors.