Immobiliare news | December 2023: inflation down in Italy, up in eurozone (Report)

Inflation in Italy has slowed again. According to preliminary estimates from Istat, the national consumer price index, excluding tobacco, rose 0.2% in December 2023 from the previous month and 0.6% year-on-year. In November, final data pointed to a 0.7% increase.

In December, core inflation, excluding energy and fresh food, slowed from 3.6% to 3.1%, while inflation excluding only energy fell from 3.6% to 3.4%. On average, the consumer price index rose 5.7% in 2023, up from 8.1% in 2022.

Inflation in the eurozone is evolving differently: according to Eurostat estimates, in''December it increased by 2.9% compared to the same month in 2022. Last November, an increase of 2.4% was recorded. Looking at the main components of inflation in the eurozone, food, alcohol and tobacco are expected to have the highest annualized rate in December (6.1% compared to 6.9% in November), followed by services (4%, unchanged from November), non-food manufactured goods (2.5% compared to 2.9% in November) and energy (-6.7% compared to -11.5% in November).

The global inflation rate is expected to slow down in the future, according to the expectations of Ifo and Swiss Economic Policy Institute experts from 124 countries. Expert surveys have shown that global inflation will reach 5% in 2024, then fall to 4.4% the following year and reach 3.6% in 2027.