Percentage change in inflation in Italy 2023, by product

In May 2023, inflation in Italy increased by 7.6 percent when compared to the same month of the previous year. Utilities, water, energy, and fuel recorded the highest inflation rate, with 15.5 percent, followed by food and non-alcoholic beverages. By contrast, education and communication registered the lowest but still increases.
The term inflation, also known as currency devaluation (drop in the value of money), is characterized by a steady rise in prices for finished products (consumer goods, capital goods). The consumer price index tracks price trends of private consumption expenditure, and shows an increase in the index's current level of inflation.