Despite recent surprises, inflation in Italy is expected to normalize back to levels close to 2% during 2025, aligning with the European average. Energy prices, still adjusting, should gradually contribute positively to overall inflation again. That's according to a report by Unimpresa's Centro Studi, according to which in Italy, the consumer price index recorded lower-than-expected numbers. In December, inflation in the eurozone rose to 2.4% from the same month a year earlier (with a monthly increase of 0.4%), in line with analysts' expectations. In the eurozone, prices rose mainly due to services (+0.8% month-on-month and +4% year-on-year). Energy costs also rose slightly again (+0.6% from the previous month), bringing the annual rate to a modest +0.1%, following the -2% recorded in November. Food prices, on the other hand, fell by a slight -0.1% in the month, remaining stable on an annual basis (+2.7%). Non-energy industrial goods showed a slight monthly decline (-0.1%), with the annual rate holding steady at 0.5%, in line with previous months. By early 2025, inflation is expected to moderate, with energy prices falling.
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