Inflation: Istat estimates +0.9 per cent in October, +5.4 per cent year-on-year – a record high since 2023
Data for 2026 shows a rise of 3.4 per cent
(Il Sole 24 Ore Radiocor) - In October 2026, year-on-year inflation rose to +5.4 per cent (from +4.2 per cent in September), returning to the level recorded in August 2023. On a month-on-month basis, Istat estimates a 0.9% increase in the NIC index, including tobacco. This acceleration is mainly driven by the rise in energy prices (from +22.6% to +31.4%), which continues to be influenced by the international geopolitical situation. The food sector also contributed to inflation, particularly the unprocessed food component (from +5.5% to +7.5%) and certain types of services, notably those relating to transport (from +1.6% to +3.1%). The ‘shopping basket’ inflation rate has accelerated from +1.5% to +2.5%, whilst core inflation is expected to rise to +2% (from +1.6%). The projected inflation rate for 2026, based on October figures, stands at +3.4%.
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