In the last twenty years, a large body of literature has explored socioeconomic inequalities by focusing on the imprecise nature of deprivation. From a methodological perspective, numerous approaches have been used to measure differences in the concept of deprivation among different target groups. However, despite the significance of this issue, no previous research has evaluated the attributes resulting from the combination of the variety and intensity of different deprivation indicators among the elderly in Italy. This exploratory study uses a Latent Class Analysis of the data from the 2018 Italian Multipurpose Survey on Households to identify three distinct profiles of deprivation based on different degrees of hardship related to specific indicators. This innovative approach enables us to better understand the specific interplay between varying degrees of severity across different deprivation items. Our results show that food deprivation is more uniformly distributed within the older population. In contrast, housing and material deprivation are more distinctly characterised, particularly among those aged over 75, those living in Southern Italy, and households with traditional structures. This calls for further research, highlighting the need for nuanced investigations that consider the diverse forms of deprivation across subpopulations.