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.