Inflation accelerated further in September in Italy, climbing 8.9% over one year, according to figures published by Istat on Monday. But it is in Milan and in the northeast of the country that consumer prices gallop more.
September saw another accelerated rise in inflation. The index reached 8.9% over one year, once morest 8.4% in August, according to figures published by the National Institute of Statistics (Istat) on Monday. While the rise in energy prices has slowed significantly, to 44.5% once morest 44.9% in August, food prices have risen sharply (+11.4%). Also, the “housewife’s basket” – consisting of food products, cleaning products, routine household maintenance, personal hygiene and beauty – increased by 10.9% over one year. This is the strongest increase recorded since August 1983 (the increase was then 11%), according to these updated data. Over one month, consumer prices rose by 0.3%, says Istat.
It will be necessary to wait until 2023 to see a decline in inflation, according to the forecasts of the Bank of Italy published last Thursday. According to its estimates, it should drop to 6.5% in 2023 and 2.3% in 2024, under the effect of a “gradual stabilization of energy prices”.
Cities in Italy with the highest inflation, including Milan
Istat has specified the cities with more than 150,000 inhabitants where inflation is the heaviest. Bolzano and Palermo are at the top of the ranking with inflation equal to +10.8%, i.e. an additional annual expenditure of 2,870 euros. The city of Trento is the 3rd city with the heaviest inflation (10.4%), representing an annual increase in expenditure of 2,722 euros for an average family. In Milan, the price increase is +9.2%, i.e. an additional annual expense of 2,498 euros.
