Overview
- In December 2025, the consumer price index rose 0.2% on the month and 1.2% on the year, up from 1.1% in November, confirming Istat’s preliminary estimates.
- Average annual inflation in 2025 was 1.5%, compared with 1.0% in 2024, while core inflation held at 1.7% in December.
- The harmonized index (IPCA) increased 0.2% month over month and 1.2% year over year in December, with a 2025 average of 1.7%.
- December’s uptick was driven by higher prices for transport services, unprocessed food, and miscellaneous services, while regulated energy prices declined further.
- The ‘shopping basket’ rose about 24% cumulatively since 2021 versus a 17.1‑point gain in the general index and a 34.1% jump in energy, prompting an Antitrust inquiry and fresh warnings from consumer groups and opposition parties.