Home FinancesItaly's inflation accelerated in February to highest since September 2023

Italy's inflation accelerated in February to highest since September 2023

by Nazar Bogudan

Inflation in Italy, calculated according to national standards, accelerated in February to 1.7% year-on-year from 1.5% the previous month, according to preliminary data from the Italian statistical agency Istat.

Инфляция в Италии в феврале ускорилась до максимума с сентября 2023 года

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The data matched expectations of analysts surveyed by Trading Economics, pointing to a record pace of consumer price growth since September 2023.

Inflation, calculated according to European Union standards, was 1.7%, the same as in January, while experts expected an acceleration to 1.8%.

How prices have changed

Energy prices have jumped 31.5% this month after rising 27.5% in January, a preliminary report showed.

Transport services rose by 1.9% after rising by 2.5% the previous month, and communication services rose by 0.5% after rising by 1.1%.

Services in general increased in price by 2.4% (in January – by 2.6%).

Food prices rose 2.2% after rising 1.7%.

Core inflation excluding energy and food products remained at 1.8% in February.

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    Inflation of the Country

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