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    Home > Finance > Italy May EU-harmonised CPI decelerates to 1.9% y/y, in line with forecast
    Finance

    Italy May EU-harmonised CPI decelerates to 1.9% y/y, in line with forecast

    Published by Global Banking & Finance Review®

    Posted on May 30, 2025

    1 min read

    Last updated: January 23, 2026

    Italy May EU-harmonised CPI decelerates to 1.9% y/y, in line with forecast - Finance news and analysis from Global Banking & Finance Review
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    Tags:economic growthfinancial markets

    Quick Summary

    Italy's EU-harmonised CPI rose 0.1% month-on-month in May, with an annual rate of 1.9%, as per ISTAT. Core inflation held steady at 2.1%.

    Italy's Harmonised Consumer Prices Slow to 1.9% Year-on-Year in May

    ROME (Reuters) -Italian EU-harmonised consumer prices (HICP) rose 0.1% month-on-month in May and the annual inflation rate decelerated to 1.9%, preliminary figures by official statistics agency ISTAT showed on Friday.

    A Reuters survey of 21 analysts had pointed to a flat month-on-month reading and a 1.9% year-on-year rise.

    Core inflation (net of fresh food and energy) was running at 2.1% year-on-year on the HICP index in May, like in April.

    ISTAT also reported that the main domestic price index (NIC), was flat on the month and down to 1.7% annually in May, following a 1.9% annual rate the previous month.

    (Reporting by Antonella Cinelli, graphic by Stefano Bernabei, editing by Giulia Segreti)

    Key Takeaways

    • •Italy's EU-harmonised CPI rose 0.1% month-on-month in May.
    • •Annual inflation rate decelerated to 1.9%, matching forecasts.
    • •Core inflation remained steady at 2.1% year-on-year.
    • •Main domestic price index was flat month-on-month.
    • •ISTAT provided the preliminary figures.

    Frequently Asked Questions about Italy May EU-harmonised CPI decelerates to 1.9% y/y, in line with forecast

    1What was the annual inflation rate in Italy for May?

    The annual inflation rate in Italy decelerated to 1.9% in May, according to preliminary figures from ISTAT.

    2How did core inflation perform in May?

    Core inflation, which excludes fresh food and energy, was reported at 2.1% year-on-year on the HICP index in May, unchanged from April.

    3What did ISTAT report about the domestic price index?

    ISTAT reported that the main domestic price index was flat month-on-month and decreased to 1.7% annually in May, down from 1.9% the previous month.

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