Italy's May inflation stable MoM, slows yearly: Istat

The Italian consumer price index for the whole nation (NIC) was unchanged in May 2025 compared to the previous month and rose by 1.7 per cent year-on-year (YoY), down from 1.9 per cent in April, according to preliminary estimates.

The slowdown in the all-item index was mainly driven by lower price growth for regulated energy products (from +31.7 per cent to +29.1 per cent) and a deeper decline in non-regulated energy prices (from -3.4 per cent to -4.3 per cent). Conversely, prices for durable goods accelerated (from -1.4 per cent to -0.8 per cent), according to the official statistical agency Istat.

Core inflation (excluding energy and unprocessed food) was 2.0 per cent in May, down from 2.1 per cent in April, while inflation excluding energy stood at 2.1 per cent, easing from 2.2 per cent.

The annual growth rate for goods was 1.1 per cent (up from 1.0 per cent). Prices of non-regulated energy products fell by 2.1 per cent month-on-month.

According to preliminary estimates, the Italian harmonised index of consumer prices (HICP) rose by 0.1 per cent on a monthly basis and by 1.9 per cent year-on-year (YoY) in May, slightly down from 2.0 per cent in April.

ALCHEMPro News Desk (HU)