Forecasted inflation rate in Italy 2024-2026

According to the European Commission's autumn 2024 Economic Forecast, inflation reached 1.1 percent in 2024. However, it is expected to increase to 1.9 percent in 2025 and 1.7 percent in 2026. 

Changes in consumption

In 2022, inflation recorded a decisive increase due to a global energy crisis. In particular, electricity prices were almost 200 percent higher compared to 2021, and this consequently caused higher costs for producers and for final consumers. Therefore, Italian citizens had to confront themselves with higher prices and the risk that their purchasing power would have been eroded by the inflation. Therefore, they changed consumption habits. In fact, more than half of the consumers stopped buying unnecessary products and limited food waste.