Gas, electricity, industry: Italy faces the energy shock
The 2026 Gulf war cut Italy off from Qatari liquefied natural gas. The OECD has lowered its forecasts for the country and Confindustria warns of a recession. Energy prices, gas supply, industrial output: what the official series show.
Citoyen
Scope: Italy, compared with the euro area and the European Union: consumer energy prices (monthly), gas and electricity prices (half-yearly), natural gas imports (annual by origin, monthly for liquefied natural gas), industrial production (monthly), to the latest data published by Eurostat.
Key points
Energy price rise over a year31.4%Oct. 2026, against 20.8% in the euro area
Months without Qatari gas6no delivery recorded since Mar. 2026
Business electricity€199/MWhaverage price excluding VAT, H1 2026
Fall in chemicals4.2%output in Sep. 2026 against January-February 2026
- Energy is soaring again. Energy prices paid by Italian households rose 31.4% over a year in Oct. 2026, against 20.8% in the euro area; a year earlier they were falling (−4.5%). Headline inflation reaches 5.6%.
- Qatari gas has disappeared. Italy has recorded no gas imports from Qatar since Mar. 2026, 6 months in a row, after receiving 72 TWh in 2025. Deliveries of US liquefied gas rose 51% over a year in the latest six months known.
- Dependence shifted, not removed. In 2024, Algeria supplied 39% of imported gas, Azerbaijan 17% and Qatar 12%; Russia, which supplied 47% in 2019, fell to 10%.
- Electricity remains dearer than elsewhere. In H1 2026, an average business paid €199/MWh for electricity excluding VAT, 28% more than the European average (€156/MWh) and far more than in France (€124/MWh).
- Industry holds, chemicals fall. Manufacturing output in Sep. 2026 remains close to its level at the start of the year (0.4%), but 6.2% below 2021; chemicals have lost 4.2% since January-February 2026.
How to read these figures
Energy inflation is the year-on-year rise of the energy item of the harmonised index of consumer prices (electricity, gas, motor fuels, heating). Average prices of gas and electricity are published by half-year for a standard consumption band: a household using between 2,500 and 5,000 kWh of electricity a year, all taxes included; a business using between 2,000 and 20,000 MWh, excluding VAT and recoverable taxes. They are expressed in euros per megawatt-hour.
Gas imports by country of origin are annual and end a year earlier. The monthly data record pipeline gas at the transit country (Tunisia for Algerian gas, Albania for Azerbaijani gas): only liquefied natural gas, delivered directly by tanker, is read by country there. Industrial production is a volume index, 2021 = 100, seasonally adjusted.
1. Energy prices are rising again
After the easing of 2024 and 2025, energy prices started rising again in spring 2026 and accelerated in the autumn, more strongly in Italy than in the rest of the euro area.
Energy prices, change over a year
Energy item of the harmonised index of consumer prices. Italy and the euro area.
- Euro area
- Italy
Source:Eurostat (Istat)
Show the chart data
| Period | Italy | Euro area |
|---|---|---|
| Jan. 2019 | 3.9% | 2.6% |
| Feb. 2019 | 4.3% | 3.5% |
| Mar. 2019 | 5.5% | 5.3% |
| Apr. 2019 | 5.0% | 5.2% |
| May 2019 | 4.5% | 3.8% |
| Jun. 2019 | 2.7% | 1.7% |
| Jul. 2019 | −1.8% | 0.5% |
| Aug. 2019 | −2.0% | −0.6% |
| Sep. 2019 | −2.9% | −1.8% |
| Oct. 2019 | −4.7% | −3.1% |
| Nov. 2019 | −4.7% | −3.1% |
| Dec. 2019 | −2.2% | 0.3% |
| Jan. 2020 | −2.2% | 2.0% |
| Feb. 2020 | −3.4% | −0.3% |
| Mar. 2020 | −5.7% | −4.4% |
| Apr. 2020 | −9.8% | −9.7% |
| May 2020 | −13.1% | −12.0% |
| Jun. 2020 | −12.4% | −9.3% |
| Jul. 2020 | −10.6% | −8.4% |
| Aug. 2020 | −10.4% | −7.8% |
| Sep. 2020 | −10.1% | −8.2% |
| Oct. 2020 | −9.0% | −8.2% |
| Nov. 2020 | −8.8% | −8.3% |
| Dec. 2020 | −7.9% | −6.9% |
| Jan. 2021 | −4.9% | −4.2% |
| Feb. 2021 | −3.3% | −1.7% |
| Mar. 2021 | 0.3% | 4.3% |
| Apr. 2021 | 9.8% | 10.4% |
| May 2021 | 14.1% | 13.1% |
| Jun. 2021 | 14.2% | 12.6% |
| Jul. 2021 | 18.8% | 14.3% |
| Aug. 2021 | 20.1% | 15.4% |
| Sep. 2021 | 20.4% | 17.5% |
| Oct. 2021 | 25.5% | 23.6% |
| Nov. 2021 | 31.0% | 27.4% |
| Dec. 2021 | 29.4% | 25.8% |
| Jan. 2022 | 39.0% | 28.6% |
| Feb. 2022 | 46.6% | 31.7% |
| Mar. 2022 | 51.4% | 43.9% |
| Apr. 2022 | 40.0% | 37.3% |
| May 2022 | 43.0% | 39.0% |
| Jun. 2022 | 49.4% | 41.9% |
| Jul. 2022 | 43.4% | 39.4% |
| Aug. 2022 | 45.3% | 38.4% |
| Sep. 2022 | 44.8% | 40.5% |
| Oct. 2022 | 71.7% | 41.2% |
| Nov. 2022 | 68.2% | 34.6% |
| Dec. 2022 | 65.2% | 25.3% |
| Jan. 2023 | 42.7% | 18.8% |
| Feb. 2023 | 28.2% | 13.6% |
| Mar. 2023 | 10.8% | −0.9% |
| Apr. 2023 | 16.4% | 2.2% |
| May 2023 | 11.5% | −1.9% |
| Jun. 2023 | 2.0% | −5.7% |
| Jul. 2023 | 0.6% | −6.1% |
| Aug. 2023 | −0.2% | −3.3% |
| Sep. 2023 | 1.6% | −4.6% |
| Oct. 2023 | −20.0% | −11.1% |
| Nov. 2023 | −24.6% | −11.3% |
| Dec. 2023 | −24.9% | −6.6% |
| Jan. 2024 | −20.6% | −6.1% |
| Feb. 2024 | −17.4% | −3.7% |
| Mar. 2024 | −10.8% | −1.8% |
| Apr. 2024 | −12.2% | −0.6% |
| May 2024 | −11.7% | 0.3% |
| Jun. 2024 | −8.5% | 0.2% |
| Jul. 2024 | −4.0% | 1.2% |
| Aug. 2024 | −6.1% | −3.0% |
| Sep. 2024 | −8.6% | −6.1% |
| Oct. 2024 | −8.9% | −4.6% |
| Nov. 2024 | −5.4% | −2.1% |
| Dec. 2024 | −2.8% | 0.1% |
| Jan. 2025 | −0.8% | 1.9% |
| Feb. 2025 | 0.7% | 0.2% |
| Mar. 2025 | 2.7% | −1.0% |
| Apr. 2025 | −0.8% | −3.5% |
| May 2025 | −1.9% | −3.6% |
| Jun. 2025 | −2.1% | −2.6% |
| Jul. 2025 | −3.5% | −2.4% |
| Aug. 2025 | −4.8% | −2.0% |
| Sep. 2025 | −3.7% | −0.4% |
| Oct. 2025 | −4.5% | −0.9% |
| Nov. 2025 | −4.1% | −0.5% |
| Dec. 2025 | −4.5% | −1.9% |
| Jan. 2026 | −6.2% | −4.0% |
| Feb. 2026 | −6.6% | −3.1% |
| Mar. 2026 | −2.1% | 5.1% |
| Apr. 2026 | 9.3% | 10.8% |
| May 2026 | 12.0% | 10.9% |
| Jun. 2026 | 12.9% | 8.6% |
| Jul. 2026 | 11.7% | 10.3% |
| Aug. 2026 | 17.1% | 14.3% |
| Sep. 2026 | 22.6% | 18.9% |
| Oct. 2026 | 31.4% | 20.8% |
Household electricity prices, euros per MWh
Consumption of 2,500 to 5,000 kWh a year, all taxes included, by half-year.
- EU-27
- Italy
Source:Eurostat
Show the chart data
| Period | Italy | EU-27 |
|---|---|---|
| H1 2015 | €245/MWh | €208/MWh |
| H2 2015 | €243/MWh | €209/MWh |
| H1 2016 | €234/MWh | €205/MWh |
| H2 2016 | €226/MWh | €207/MWh |
| H1 2017 | €213/MWh | €209/MWh |
| H2 2017 | €208/MWh | €209/MWh |
| H1 2018 | €207/MWh | €210/MWh |
| H2 2018 | €216/MWh | €215/MWh |
| H1 2019 | €230/MWh | €217/MWh |
| H2 2019 | €234/MWh | €217/MWh |
| H1 2020 | €223/MWh | €214/MWh |
| H2 2020 | €215/MWh | €215/MWh |
| H1 2021 | €226/MWh | €220/MWh |
| H2 2021 | €236/MWh | €242/MWh |
| H1 2022 | €312/MWh | €249/MWh |
| H2 2022 | €364/MWh | €277/MWh |
| H1 2023 | €378/MWh | €289/MWh |
| H2 2023 | €335/MWh | €285/MWh |
| H1 2024 | €327/MWh | €292/MWh |
| H2 2024 | €311/MWh | €289/MWh |
| H1 2025 | €329/MWh | €288/MWh |
| H2 2025 | €297/MWh | €290/MWh |
| H1 2026 | €314/MWh | €283/MWh |
Household gas prices, euros per MWh
Consumption of 20 to 200 GJ a year, all taxes included, by half-year. The second-half price, which covers the winter, is usually higher.
- EU-27
- Italy
Source:Eurostat
Show the chart data
| Period | Italy | EU-27 |
|---|---|---|
| H1 2015 | €77/MWh | €67/MWh |
| H2 2015 | €91/MWh | €73/MWh |
| H1 2016 | €73/MWh | €64/MWh |
| H2 2016 | €84/MWh | €68/MWh |
| H1 2017 | €70/MWh | €62/MWh |
| H2 2017 | €87/MWh | €68/MWh |
| H1 2018 | €71/MWh | €63/MWh |
| H2 2018 | €95/MWh | €72/MWh |
| H1 2019 | €77/MWh | €67/MWh |
| H2 2019 | €93/MWh | €73/MWh |
| H1 2020 | €73/MWh | €65/MWh |
| H2 2020 | €90/MWh | €70/MWh |
| H1 2021 | €70/MWh | €64/MWh |
| H2 2021 | €101/MWh | €78/MWh |
| H1 2022 | €99/MWh | €85/MWh |
| H2 2022 | €131/MWh | €113/MWh |
| H1 2023 | €98/MWh | €116/MWh |
| H2 2023 | €135/MWh | €114/MWh |
| H1 2024 | €114/MWh | €110/MWh |
| H2 2024 | €159/MWh | €124/MWh |
| H1 2025 | €124/MWh | €114/MWh |
| H2 2025 | €148/MWh | €123/MWh |
| H1 2026 | €114/MWh | €110/MWh |
2. Where Italy’s gas comes from
Italy replaced Russian gas with Algerian and Azerbaijani gas carried by pipeline, and with liquefied natural gas. Since spring 2026, Qatari tankers no longer arrive; US gas has taken over part of the supply.
Gas imports from Qatar and the United States, each month
Terawatt-hours (gross calorific value). Liquefied natural gas delivered directly.
- United States
- Qatar
Source:Eurostat
Show the chart data
| Period | Qatar | United States |
|---|---|---|
| Jan. 2023 | 5.3 TWh | 2.7 TWh |
| Feb. 2023 | 4.3 TWh | 3.5 TWh |
| Mar. 2023 | 6.9 TWh | 3.2 TWh |
| Apr. 2023 | 5.6 TWh | 5.6 TWh |
| May 2023 | 5.4 TWh | 4.8 TWh |
| Jun. 2023 | 5.6 TWh | 4.9 TWh |
| Jul. 2023 | 7.4 TWh | 4.4 TWh |
| Aug. 2023 | 5.3 TWh | 5.1 TWh |
| Sep. 2023 | 5.9 TWh | 4.2 TWh |
| Oct. 2023 | 5.8 TWh | 5.3 TWh |
| Nov. 2023 | 7.2 TWh | 6.3 TWh |
| Dec. 2023 | 7.5 TWh | 6.1 TWh |
| Jan. 2024 | 6.2 TWh | 6.3 TWh |
| Feb. 2024 | 5.0 TWh | 6.3 TWh |
| Mar. 2024 | 5.8 TWh | 2.8 TWh |
| Apr. 2024 | 5.4 TWh | 6.4 TWh |
| May 2024 | 6.8 TWh | 4.2 TWh |
| Jun. 2024 | 6.8 TWh | 1.2 TWh |
| Jul. 2024 | 5.6 TWh | 4.1 TWh |
| Aug. 2024 | 6.6 TWh | 5.1 TWh |
| Sep. 2024 | 5.6 TWh | 4.0 TWh |
| Oct. 2024 | 4.8 TWh | 6.1 TWh |
| Nov. 2024 | 6.6 TWh | 4.2 TWh |
| Dec. 2024 | 7.9 TWh | 4.0 TWh |
| Jan. 2025 | 5.0 TWh | 8.7 TWh |
| Feb. 2025 | 6.5 TWh | 6.3 TWh |
| Mar. 2025 | 7.7 TWh | 8.6 TWh |
| Apr. 2025 | 6.3 TWh | 7.7 TWh |
| May 2025 | 6.9 TWh | 9.7 TWh |
| Jun. 2025 | 6.4 TWh | 10.5 TWh |
| Jul. 2025 | 4.6 TWh | 9.2 TWh |
| Aug. 2025 | 0.0 TWh | 9.9 TWh |
| Sep. 2025 | 6.9 TWh | 9.8 TWh |
| Oct. 2025 | 7.9 TWh | 5.7 TWh |
| Nov. 2025 | 6.8 TWh | 7.9 TWh |
| Dec. 2025 | 7.0 TWh | 9.8 TWh |
| Jan. 2026 | 4.0 TWh | 12.4 TWh |
| Feb. 2026 | 6.0 TWh | 8.5 TWh |
| Mar. 2026 | 6.1 TWh | 9.6 TWh |
| Apr. 2026 | 0.0 TWh | 15.2 TWh |
| May 2026 | 0.0 TWh | 15.6 TWh |
| Jun. 2026 | 0.0 TWh | 13.4 TWh |
| Jul. 2026 | 0.0 TWh | 14.7 TWh |
| Aug. 2026 | 0.0 TWh | 11.5 TWh |
| Sep. 2026 | 0.0 TWh | 15.4 TWh |
Natural gas imports by country of origin
Terawatt-hours a year. Latest year: 2024, 629 TWh in total.
- Other
- Libya
- Norway
- United States
- Qatar
- Russia
- Azerbaijan
- Algeria
Source:Eurostat
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| Period | Algeria | Azerbaijan | Russia | Qatar | United States | Norway | Libya | Other |
|---|---|---|---|---|---|---|---|---|
| 2015 | 81 TWh | 0 TWh | 293 TWh | 61 TWh | 0 TWh | 28 TWh | 75 TWh | 111 TWh |
| 2016 | 204 TWh | 0 TWh | 284 TWh | 58 TWh | 1 TWh | 10 TWh | 51 TWh | 82 TWh |
| 2017 | 206 TWh | 0 TWh | 350 TWh | 71 TWh | 1 TWh | 28 TWh | 49 TWh | 31 TWh |
| 2018 | 190 TWh | 0 TWh | 348 TWh | 69 TWh | 7 TWh | 33 TWh | 47 TWh | 24 TWh |
| 2019 | 141 TWh | 0 TWh | 354 TWh | 69 TWh | 17 TWh | 65 TWh | 60 TWh | 45 TWh |
| 2020 | 160 TWh | 0 TWh | 304 TWh | 73 TWh | 19 TWh | 78 TWh | 47 TWh | 21 TWh |
| 2021 | 238 TWh | 76 TWh | 309 TWh | 73 TWh | 12 TWh | 21 TWh | 34 TWh | 10 TWh |
| 2022 | 275 TWh | 109 TWh | 148 TWh | 77 TWh | 32 TWh | 66 TWh | 33 TWh | 28 TWh |
| 2023 | 272 TWh | 106 TWh | 31 TWh | 72 TWh | 56 TWh | 43 TWh | 27 TWh | 48 TWh |
| 2024 | 246 TWh | 109 TWh | 60 TWh | 73 TWh | 55 TWh | 38 TWh | 15 TWh | 33 TWh |
3. Industry facing the shock
Italian businesses pay more for electricity than the European average. Energy-intensive industries (chemicals, metals, glass and ceramics, paper) produce less than in 2021.
Business electricity prices, euros per MWh
Consumption of 2,000 to 20,000 MWh a year, excluding VAT and recoverable taxes, by half-year.
- EU-27
- France
- Germany
- Italy
Source:Eurostat
Show the chart data
| Period | Italy | Germany | France | EU-27 |
|---|---|---|---|---|
| H1 2015 | €149/MWh | €132/MWh | €90/MWh | €103/MWh |
| H2 2015 | €149/MWh | €130/MWh | €85/MWh | €102/MWh |
| H1 2016 | €141/MWh | €129/MWh | €79/MWh | €98/MWh |
| H2 2016 | €144/MWh | €126/MWh | €76/MWh | €97/MWh |
| H1 2017 | €134/MWh | €127/MWh | €78/MWh | €97/MWh |
| H2 2017 | €132/MWh | €127/MWh | €74/MWh | €96/MWh |
| H1 2018 | €119/MWh | €122/MWh | €77/MWh | €95/MWh |
| H2 2018 | €122/MWh | €124/MWh | €72/MWh | €96/MWh |
| H1 2019 | €142/MWh | €131/MWh | €84/MWh | €105/MWh |
| H2 2019 | €140/MWh | €136/MWh | €79/MWh | €103/MWh |
| H1 2020 | €128/MWh | €151/MWh | €85/MWh | €106/MWh |
| H2 2020 | €131/MWh | €153/MWh | €81/MWh | €107/MWh |
| H1 2021 | €134/MWh | €150/MWh | €87/MWh | €110/MWh |
| H2 2021 | €161/MWh | €164/MWh | €88/MWh | €132/MWh |
| H1 2022 | €234/MWh | €193/MWh | €125/MWh | €174/MWh |
| H2 2022 | €315/MWh | €195/MWh | €114/MWh | €202/MWh |
| H1 2023 | €242/MWh | €206/MWh | €224/MWh | €202/MWh |
| H2 2023 | €209/MWh | €202/MWh | €203/MWh | €187/MWh |
| H1 2024 | €184/MWh | €202/MWh | €141/MWh | €163/MWh |
| H2 2024 | €201/MWh | €208/MWh | €145/MWh | €171/MWh |
| H1 2025 | €203/MWh | €193/MWh | €130/MWh | €164/MWh |
| H2 2025 | €195/MWh | €192/MWh | €121/MWh | €160/MWh |
| H1 2026 | €199/MWh | €174/MWh | €124/MWh | €156/MWh |
Industrial production, index 2021 = 100
Seasonally and calendar adjusted. Manufacturing (Italy and the EU) and energy-intensive branches in Italy.
- Paper, Italy
- Glass, ceramics, cement, Italy
- Basic metals, Italy
- Chemicals, Italy
- Manufacturing, EU
- Manufacturing, Italy
Source:Eurostat (Istat)
Show the chart data
| Period | Manufacturing, Italy | Manufacturing, EU | Chemicals, Italy | Basic metals, Italy | Glass, ceramics, cement, Italy | Paper, Italy |
|---|---|---|---|---|---|---|
| Jan. 2019 | 100.3 | 99.3 | 99.9 | 96.1 | 90.0 | 98.9 |
| Feb. 2019 | 101.4 | 99.1 | 99.4 | 96.0 | 90.2 | 98.4 |
| Mar. 2019 | 100.6 | 99.3 | 101.7 | 95.9 | 91.7 | 99.5 |
| Apr. 2019 | 99.6 | 99.2 | 101.1 | 94.2 | 92.7 | 97.7 |
| May 2019 | 100.9 | 99.6 | 102.8 | 99.1 | 91.7 | 99.7 |
| Jun. 2019 | 100.3 | 98.0 | 101.1 | 97.4 | 92.6 | 99.0 |
| Jul. 2019 | 100.8 | 98.2 | 102.4 | 95.9 | 93.7 | 100.7 |
| Aug. 2019 | 99.7 | 98.4 | 99.2 | 93.4 | 92.2 | 100.9 |
| Sep. 2019 | 99.6 | 98.4 | 100.2 | 94.7 | 91.4 | 95.9 |
| Oct. 2019 | 98.6 | 99.0 | 100.2 | 94.6 | 92.5 | 97.6 |
| Nov. 2019 | 99.3 | 97.8 | 99.6 | 92.5 | 91.9 | 97.0 |
| Dec. 2019 | 97.6 | 96.2 | 95.0 | 87.8 | 89.1 | 94.3 |
| Jan. 2020 | 99.2 | 98.7 | 95.6 | 94.8 | 92.9 | 98.5 |
| Feb. 2020 | 97.5 | 98.1 | 94.6 | 90.3 | 94.7 | 95.9 |
| Mar. 2020 | 68.5 | 86.9 | 89.2 | 55.5 | 56.8 | 91.3 |
| Apr. 2020 | 52.5 | 69.6 | 79.1 | 48.7 | 23.5 | 90.7 |
| May 2020 | 79.0 | 79.4 | 84.9 | 80.0 | 69.2 | 88.7 |
| Jun. 2020 | 86.1 | 87.6 | 88.9 | 83.0 | 77.9 | 90.0 |
| Jul. 2020 | 93.7 | 92.2 | 92.6 | 87.1 | 88.2 | 92.9 |
| Aug. 2020 | 99.4 | 93.1 | 95.9 | 95.0 | 100.7 | 94.7 |
| Sep. 2020 | 95.1 | 93.7 | 94.4 | 88.9 | 90.9 | 95.1 |
| Oct. 2020 | 97.0 | 96.0 | 95.7 | 93.1 | 90.3 | 96.7 |
| Nov. 2020 | 95.6 | 99.6 | 97.3 | 94.0 | 93.1 | 95.6 |
| Dec. 2020 | 96.4 | 98.6 | 100.7 | 95.6 | 94.1 | 94.7 |
| Jan. 2021 | 97.3 | 99.8 | 100.0 | 96.7 | 98.4 | 98.9 |
| Feb. 2021 | 97.6 | 98.6 | 98.4 | 96.5 | 97.0 | 97.3 |
| Mar. 2021 | 98.0 | 99.9 | 100.7 | 95.8 | 98.3 | 98.2 |
| Apr. 2021 | 98.7 | 100.4 | 100.8 | 97.6 | 96.0 | 99.4 |
| May 2021 | 98.2 | 99.3 | 100.2 | 100.2 | 98.4 | 99.0 |
| Jun. 2021 | 99.9 | 99.9 | 95.8 | 102.9 | 97.6 | 100.2 |
| Jul. 2021 | 101.0 | 101.6 | 98.0 | 104.1 | 100.4 | 97.5 |
| Aug. 2021 | 100.0 | 99.2 | 100.2 | 100.7 | 99.8 | 100.9 |
| Sep. 2021 | 100.6 | 99.0 | 100.4 | 101.9 | 102.3 | 100.8 |
| Oct. 2021 | 100.3 | 99.2 | 100.4 | 100.8 | 100.6 | 100.6 |
| Nov. 2021 | 101.7 | 100.7 | 101.1 | 102.6 | 101.7 | 101.5 |
| Dec. 2021 | 100.5 | 102.4 | 100.1 | 95.5 | 101.5 | 100.9 |
| Jan. 2022 | 95.2 | 102.1 | 101.3 | 92.7 | 91.9 | 98.1 |
| Feb. 2022 | 101.2 | 102.8 | 100.8 | 96.3 | 98.3 | 101.1 |
| Mar. 2022 | 101.2 | 101.2 | 100.2 | 94.5 | 97.8 | 101.9 |
| Apr. 2022 | 102.7 | 101.0 | 98.6 | 100.1 | 102.4 | 103.7 |
| May 2022 | 101.6 | 103.6 | 97.9 | 95.2 | 100.1 | 103.4 |
| Jun. 2022 | 99.6 | 103.3 | 98.6 | 88.1 | 98.4 | 99.7 |
| Jul. 2022 | 99.8 | 101.8 | 93.8 | 85.5 | 95.1 | 100.9 |
| Aug. 2022 | 102.2 | 103.7 | 88.8 | 89.2 | 95.7 | 96.3 |
| Sep. 2022 | 100.2 | 105.2 | 90.1 | 87.7 | 93.1 | 94.8 |
| Oct. 2022 | 99.7 | 104.3 | 94.1 | 85.2 | 96.5 | 95.4 |
| Nov. 2022 | 99.8 | 105.3 | 92.0 | 86.6 | 94.8 | 94.3 |
| Dec. 2022 | 100.4 | 102.9 | 90.1 | 84.3 | 92.8 | 93.8 |
| Jan. 2023 | 99.9 | 104.5 | 90.5 | 83.7 | 90.2 | 92.9 |
| Feb. 2023 | 99.7 | 105.3 | 91.1 | 89.3 | 89.9 | 90.6 |
| Mar. 2023 | 99.7 | 102.4 | 89.4 | 90.1 | 87.6 | 88.2 |
| Apr. 2023 | 98.0 | 102.5 | 87.7 | 87.2 | 86.5 | 87.0 |
| May 2023 | 99.0 | 103.2 | 87.1 | 85.4 | 84.0 | 88.5 |
| Jun. 2023 | 99.2 | 103.8 | 85.3 | 86.5 | 84.6 | 88.7 |
| Jul. 2023 | 98.3 | 101.0 | 85.1 | 84.0 | 89.0 | 87.8 |
| Aug. 2023 | 98.5 | 100.8 | 88.6 | 86.0 | 86.5 | 89.2 |
| Sep. 2023 | 98.2 | 100.8 | 91.3 | 85.3 | 84.7 | 89.0 |
| Oct. 2023 | 98.0 | 100.1 | 92.1 | 85.4 | 83.6 | 88.4 |
| Nov. 2023 | 96.9 | 101.3 | 89.8 | 85.2 | 80.7 | 88.9 |
| Dec. 2023 | 98.3 | 100.5 | 91.5 | 89.2 | 83.3 | 93.1 |
| Jan. 2024 | 95.7 | 99.8 | 85.7 | 83.7 | 83.2 | 88.6 |
| Feb. 2024 | 96.9 | 100.2 | 91.1 | 83.3 | 86.4 | 89.8 |
| Mar. 2024 | 95.9 | 99.4 | 91.7 | 84.1 | 86.4 | 92.8 |
| Apr. 2024 | 95.0 | 100.3 | 85.9 | 80.2 | 83.8 | 92.6 |
| May 2024 | 95.0 | 98.3 | 89.2 | 84.4 | 85.5 | 91.8 |
| Jun. 2024 | 95.0 | 99.6 | 88.7 | 85.8 | 87.0 | 93.7 |
| Jul. 2024 | 93.6 | 99.3 | 88.8 | 81.5 | 84.9 | 91.6 |
| Aug. 2024 | 94.2 | 99.8 | 91.0 | 85.7 | 84.5 | 89.8 |
| Sep. 2024 | 93.4 | 98.8 | 90.0 | 82.3 | 83.3 | 90.7 |
| Oct. 2024 | 93.8 | 99.4 | 88.7 | 81.9 | 83.6 | 92.2 |
| Nov. 2024 | 93.7 | 99.4 | 86.9 | 82.8 | 86.1 | 92.2 |
| Dec. 2024 | 91.5 | 98.6 | 86.0 | 81.1 | 83.9 | 89.9 |
| Jan. 2025 | 94.5 | 100.4 | 89.2 | 86.4 | 83.4 | 93.1 |
| Feb. 2025 | 92.8 | 101.0 | 87.4 | 83.1 | 84.0 | 93.0 |
| Mar. 2025 | 92.9 | 103.5 | 88.2 | 84.1 | 82.4 | 92.0 |
| Apr. 2025 | 93.5 | 100.6 | 86.6 | 85.7 | 83.3 | 92.7 |
| May 2025 | 93.2 | 101.1 | 84.5 | 85.1 | 83.5 | 90.1 |
| Jun. 2025 | 93.5 | 100.7 | 85.7 | 84.9 | 83.8 | 92.2 |
| Jul. 2025 | 94.4 | 101.0 | 85.4 | 87.6 | 84.0 | 90.7 |
| Aug. 2025 | 93.8 | 101.2 | 88.0 | 87.5 | 85.9 | 92.5 |
| Sep. 2025 | 94.2 | 101.2 | 85.9 | 85.4 | 85.8 | 90.0 |
| Oct. 2025 | 93.5 | 100.8 | 82.1 | 85.7 | 84.9 | 89.0 |
| Nov. 2025 | 94.1 | 101.2 | 83.5 | 84.9 | 85.1 | 90.0 |
| Dec. 2025 | 94.3 | 101.2 | 83.0 | 86.7 | 86.2 | 89.5 |
| Jan. 2026 | 93.0 | 99.2 | 83.1 | 88.4 | 86.4 | 90.6 |
| Feb. 2026 | 93.9 | 100.0 | 81.0 | 87.3 | 83.8 | 90.7 |
| Mar. 2026 | 94.3 | 101.0 | 80.7 | 86.7 | 86.4 | 90.4 |
| Apr. 2026 | 94.5 | 101.3 | 87.7 | 88.7 | 86.4 | 90.8 |
| May 2026 | 94.1 | 101.3 | 87.8 | 87.4 | 86.3 | 92.8 |
| Jun. 2026 | 93.4 | 101.2 | 84.2 | 86.6 | 85.2 | 90.1 |
| Jul. 2026 | 93.7 | 100.7 | 82.0 | 86.3 | 84.0 | 91.5 |
| Aug. 2026 | 93.2 | 100.5 | 81.9 | 85.7 | 84.7 | 90.8 |
| Sep. 2026 | 93.8 | – | 78.6 | 87.5 | 85.6 | 92.1 |
What we know, what we don’t
What the figures establish
- Energy prices have been rising faster in Italy than in the euro area since summer 2026.
- No gas imports from Qatar have been recorded since spring 2026; US liquefied gas is increasing.
- Electricity for Italian businesses remains dearer than the European average, and energy-intensive industries produce less than in 2021.
What they don’t tell
- Half-yearly prices for the second half of 2026, not yet published: they will show whether bills followed energy inflation.
- The origins of gas in 2025 and 2026, published by Eurostat a year later.
- The effect of the war on output: these series do not separate the energy shock from other causes (demand, exchange rate, orders).
Sources
Series downloaded from their producers on Nov 12, 2026, the snapshot date. Only published periods are used: no projection.
- Eurostat Imports of natural gas by partner country, annual and monthly (nrg_ti_gas, nrg_ti_gasm)
- Eurostat Electricity and gas prices for household and non-household consumers (nrg_pc_202, nrg_pc_203, nrg_pc_204, nrg_pc_205)
- Eurostat (Istat) Harmonised index of consumer prices, energy, annual rate of change (prc_hicp_minr)
- Eurostat (Istat) Production in industry, monthly, calendar and seasonally adjusted (sts_inpr_m)