Inflation remained at 2.4% in November, at the same level as in October (on an annual basis), with ELSTAT data showing a 0.4% decrease compared to the previous month.

On an annual basis, food price increases slowed to 0.6%, with marked declines in pasta, dairy and bakery products. However, air travel became 35% more expensive, health insurance premiums rose 14% and hotels 12%. 

The average consumer price index for the 12 months of December 2023 to November 2024, compared to the corresponding index for the 12 months of December 2022 to November 2023, showed an increase of 2.8%, compared to an increase of 3.8% in the corresponding comparison of the 12 months of December 2022 to November 2023 to the 12 months of December 2021 to November 2022.