Venice: inflation rate 2020-2024

In Venice, energy prices recorded a decisive increase from March 2021 onward, after having remained stable throughout 2020, matching the nationwide raise of electricity costs. As a direct consequence, inflation spread to the food, hospitality, and transport sectors. The peak was reached in October 2022, when the residents in Venice had to pay energy for 1.5 times more than in the same month of the previous year.

Monthly Consumer Price index (CPI) change of selected goods and services in Venice from January 2020 to March 2024 (when compared to the same period of the previous year)

Characteristic	Food and non-alcoholic beverages	Housing, water, electricity, and gas	Transport	Restaurants and hotels
Jan 2020	0.1%	-2.3%	3.2%	0.1%
Feb 2020	-0.4%	-2.7%	2%	4%
Mar 2020	0.8%	-3.1%	0%	-2.7%
Apr 2020	2.9%	-4.7%	-2.7%	0.7%
May 2020	2.1%	-4.8%	-4.3%	0.7%
Jun 2020	1.5%	-4.9%	-3.9%	-5.3%
Jul 2020	0.1%	-4.2%	-3.3%	-7%
Aug 2020	-0.7%	-3.7%	-4.3%	-6.4%
Sept 2020	0.1%	-4%	-2.9%	-5.5%
Oct 2020	0.9%	-2.3%	-3.6%	-6.7%
Nov 2020	1.5%	-2.1%	-3%	0.4%
Dec 2020	0.5%	-2.5%	-2.2%	0.6%
Jan 2021	0.8%	-1%	-1.6%	0.6%
Feb 2021	0.3%	-0.5%	0.2%	0.5%
Mar 2021	-0.1%	0.1%	2.8%	0.7%
Apr 2021	-0.9%	4.6%	3.4%	1.2%
May 2021	-0.8%	5.2%	5.5%	1.3%
Jun 2021	-1%	5.3%	5%	0.6%
Jul 2021	0.4%	9.7%	5.8%	0.9%
Aug 2021	1.3%	9.7%	5.7%	1.5%
Sept 2021	1.1%	9.8%	7.2%	0.9%
Oct 2021	0.8%	11.9%	9.4%	1.8%
Nov 2021	0.9%	14.2%	11.1%	-2.6%
Dec 2021	2.8%	14%	10%	1.4%
Jan 2022	3.3%	22.5%	8.6%	5.3%
Feb 2022	5%	26%	9.3%	0.8%
Mar 2022	4.8%	26.8%	11.1%	2.8%
Apr 2022	5.5%	25.4%	9.6%	0.3%
May 2022	6.7%	26.6%	10.5%	-3.3%
Jun 2022	8.7%	29%	13.1%	6.7%
Jul 2022	9.7%	24.1%	13%	9.4%
Aug 2022	10.3%	32.1%	9.2%	10.5%
Sept 2022	11.9%	32.8%	8.9%	13.6%
Oct 2022	13.6%	53.7%	7.2%	11.6%
Nov 2022	12.5%	53.6%	6.2%	10%
Dec 2022	12%	51.3%	5.6%	9.7%
Jan 2023	11.7%	33%	6.7%	5.4%
Feb 2023	12.6%	21.9%	6%	12.9%
Mar 2023	13.1%	12%	2.6%	11%
Apr 2023	12.4%	12.6%	4.9%	10.6%
May 2023	11.7%	12.9%	3%	10.3%
Jun 2023	11.2%	7.8%	0.2%	8.2%
Jul 2023	10.9%	7.2%	-0.5%	10.1%
Aug 2023	9.6%	-0.1%	3.5%	7.6%
Sept 2023	8.1%	-0.4%	5%	7.8%
Oct 2023	5.8%	-17.7%	5.1%	8.4%
Nov 2023	6.1%	-19.7%	3.2%	7.1%
Dec 2023	5.6%	-19%	3.1%	6.3%
Jan 2024	5%	-14.4%	1.8%	6.4%
Feb 2024	3.2%	-12.7%	2%	7.4%
Mar 2024	3.2%	-6.8%	2.4%	6.2%