Overview
- Istat confirmed September consumer prices at -0.2% month on month and +1.6% year on year, with core inflation easing to 2.0%.
- Prices for the grocery basket increased 3.1% from a year earlier, while high-frequency purchases accelerated to 2.6%.
- Transport services and unprocessed foods slowed, regulated energy accelerated to +13.9%, and Naples posted the highest city rate at 2.4%.
- In August exports fell 1.1% year on year in value, including a 21.1% drop to the United States after new tariffs took effect, while sales to EU partners rose with notable gains to France, Spain, the Netherlands, the UK and Belgium.
- Pharmaceuticals, metals and refined petroleum led sector gains as fashion, leather goods and machinery declined, the trade surplus reached €2.05 billion, and industry groups report U.S.-bound agri‑food exports down about 23% with wine seen falling by more than 30%.