According to the most recent bulletin from the OECD (Organisation for Economic Co-operation and Development) for January 2025, headline inflation in member countries has remained consistent at 4.7% year-over-year. The figure confirms the values reported over the previous two months, indicating a potential consolidation phase following a period of substantial fluctuations. Despite the overall stability, national dynamics varied significantly: in 15 nations, inflation has climbed, in 10 it has dropped, and in the remaining third it has stayed stable or with minor fluctuations. Lithuania, Austria, Slovakia, Belgium, Hungary, and Luxembourg all experienced large increases in inflation, which was impacted by rising energy costs, particularly when price restraint measures were reduced. Italy's inflation rate increased in January 2025, but it remained below 2.0%, a relatively low level compared to the OECD average. This data confirms the trend observed in recent months, with inflation remaining at manageable levels thanks to a combination of prudent monetary policies and a stabilization of energy costs. The increase in Italian inflation was partially influenced by food prices, a factor that is also present in other G7 countries, including the United Kingdom and Japan. However, the impact has been mitigated by the stability of core inflation, which excludes food and energy, thereby preventing more significant increases in the cost of living.