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Italy Inflation Ticks Up to 1.2% in December as 2025 Average Reaches 1.5%

Holiday-driven increases in transport and food pushed prices higher, leaving Italy's rate below the euro-area's 2.0% flash reading.

Overview

  • Istat’s preliminary data show consumer prices rose 0.2% on the month and 1.2% on the year in December, returning to October’s pace.
  • Transport services and food drove the increase, with the shopping basket accelerating to 2.2% and core measures hovering around 1.8–1.9%.
  • Eurostat’s flash estimate puts euro-area inflation at 2.0% in December, a touch lower than November’s 2.1% and above Italy’s rate.
  • Consumer groups warn of higher household outlays, with Codacons estimating roughly €496 more in 2025 for a typical family.
  • Eurostat will update the HICP from February 4, 2026 to the Ecoicop v2 classification, which will formally include gambling in the index.