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Italy Inflation Cools to 1.2% in October as Energy Prices Slide

Households still face higher outlays, especially on the grocery basket.

Overview

  • Preliminary Istat data show consumer prices up 1.2% year over year in October, with the overall index down 0.3% from September.
  • Regulated energy led the decline, swinging from 13.9% year-over-year growth in September to a 0.8% drop in October and falling 6.7% on the month.
  • The grocery basket rose 2.3% annually, easing from 3.1% in September yet remaining above the headline rate.
  • Unprocessed food inflation slowed to 1.9% from 4.8% in September, while core inflation stayed relatively steady.
  • Istat reports acquired inflation for 2025 at 1.6%, and a consumer group estimates about €438 in extra yearly costs for a couple with two children compared with 2024.