Inflation in Italy: rose to 4.2% in September, a three-year high

Inflation rises again in September in Italy and reaches 4.2%. This was revealed by Istat, underlining that it is the highest figure for three years.

The numbers

According to preliminary estimates from Istat, during the month the national consumer price index for the entire community (Nic), including tobacco, recorded a change of +0.7% on a monthly basis and +4.2% on an annual basis (from +3.3% in the previous month). Inflation, the Institute underlines, remains influenced by the growth in prices of energy goods (from +17.1% to +22.3%).

Highest figure since September 2023

The 4.2% inflation recorded in September based on Istat's preliminary estimate is the highest figure for three years. To find a higher trend variation, the Institute says on the basis of historical series, one must in fact go back to September 2023, when inflation reached 5.3%.

Consumer and business confidence is declining

Istat also communicates that in September both the consumer confidence climate and the composite indicator of the business confidence climate decrease. The first from 94.5 to 91.2 and the second from 97.0 to 95.9.

The business climate of confidence decreases after three consecutive months of growth, while as far as consumers are concerned, the economic climate of confidence and related balances is partly affected by some changes in the organization of the survey network. Net of these changes, "the economic climate records a slightly more marked decrease", comments Istat.