Italy's consumer prices fell 0.2 percent from a year earlier in December 2020, the same pace as in the previous month and compared with a preliminary estimate of a 0.1 percent drop. That was the eight consecutive month of price decline, led by lower cost for transport (-2.8 percent vs -3.7 percent in November), and housing and utilities (-2.0 percent, the same as in November). At the same time, prices increased at a softer pace for both food and non-alcoholic beverages (0.8 percent vs 1.3 percent) and clothing and footwear (0.6 percent vs 0.7 percent, while inflation was unchanged for restaurants and hotels (at 0.8 percent) and miscellaneous goods and services (at 1.9 percent). On a monthly basis, consumer prices rose 0.2 percent in December. source: National Institute of Statistics (ISTAT)

Inflation Rate in Italy averaged 5.83 percent from 1962 until 2020, reaching an all time high of 25.64 percent in November of 1974 and a record low of -0.60 percent in January of 2015. This page provides the latest reported value for - Italy Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Inflation Rate in Italy is expected to be -0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Italy to stand at 1.10 in 12 months time. In the long-term, the Italy Inflation Rate is projected to trend around 1.40 percent in 2022, according to our econometric models.

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Italy Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.20 -0.20 25.64 -0.60 1962 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-30 10:00 AM Inflation Rate YoY Prel Nov -0.2% -0.3% -0.3%
2020-12-15 09:00 AM Inflation Rate YoY Final Nov -0.2% -0.3% -0.2% -0.2%
2021-01-07 10:00 AM Inflation Rate YoY Prel Dec -0.1% -0.2% -0.2%
2021-01-18 09:00 AM Inflation Rate YoY Final Dec -0.2% -0.2% -0.1% -0.1%
2021-02-03 10:00 AM Inflation Rate YoY Prel Jan -0.2% -0.1% -0.4%
2021-02-19 09:00 AM Inflation Rate YoY Final Jan -0.2%
2021-03-01 10:00 AM Inflation Rate YoY Prel Feb
2021-03-16 09:00 AM Inflation Rate YoY Final Feb


News Stream
Italy CPI Falls More than Initially Thought in December
Italy's consumer prices fell 0.2 percent from a year earlier in December 2020, the same pace as in the previous month and compared with a preliminary estimate of a 0.1 percent drop. That was the eight consecutive month of price decline, led by lower cost for transport (-2.8 percent vs -3.7 percent in November), and housing and utilities (-2.0 percent, the same as in November). At the same time, prices increased at a softer pace for both food and non-alcoholic beverages (0.8 percent vs 1.3 percent) and clothing and footwear (0.6 percent vs 0.7 percent, while inflation was unchanged for restaurants and hotels (at 0.8 percent) and miscellaneous goods and services (at 1.9 percent). On a monthly basis, consumer prices rose 0.2 percent in December.
2021-01-18
Italy Consumer Prices Fall the Least in 8 Months
Consumer prices in Italy are expected to decrease 0.1 percent year-on-year in December of 2020, following a 0.2 percent fall in the previous month, a preliminary estimate showed. That would be the softest decrease in consumer prices in the current eight-month sequence of falls. The annual core inflation rate, which excludes energy and unprocessed food is set to rise to 0.7 percent from 0.4 percent in the prior month. Excluding only energy, inflation is seen climbing to 0.7 percent from 0.6 percent. On a monthly basis, consumer prices are likely to increase 0.3 percent, rebounding from a 0.1 percent drop in November.
2021-01-07
Italy Consumer Price Deflation Confirmed at 5-Month Low
Consumer prices in Italy decreased 0.2% year-on-year in November of 2020, following a 0.3% fall in the previous month and in line with preliminary estimates. It was the seventh consecutive month of falls in consumer prices but the softest since June, as cost decline less for housing & utilities (-2% vs -2.1% in October); transport (-3.7% vs -4%) and communication (-4.9% vs -5.1%). Meantime, inflation was steady for clothing & footwear (at 0.7%) and alcoholic beverages & tobacco (at 1.7%). Also, prices advanced faster for health (0.8% vs 0.7%) and restaurant & hotels (0.8% vs a flat reading) while cost slowed for food & non-alcoholic beverages (1.3% vs 1.4%); furnishing & household equipment (0.4% vs 0.8%); recreation & culture (0.2% vs 0.3%) and miscellaneous goods & services (1.9% vs 2%). On a monthly basis, consumer prices went down 0.1%, also in line with earlier estimates and compared to a 0.2% rise in October.
2020-12-15
Italy Consumer Price Deflation Slows Further in November
Consumer prices in Italy are expected to decrease 0.2 percent year-on-year in November of 2020, following a 0.3 percent fall in the previous month, a preliminary estimate showed. It was the seventh consecutive month of falls in consumer prices but the softest since June, as cost decline less for energy (-8.6 percent vs -8.7 percent in October). Meantime, prices of processed food including alcohol (0.7 percent vs flat reading) and services related to recreation, including repair and personal care (0.5 percent vs 0.1 percent) rose further. The annual core inflation rate, which excludes energy and unprocessed food is set to edge up to 0.5 percent from 0.2 percent in the prior month. Excluding only energy, inflation is seen rising to 0.6 percent from 0.5 percent. On a monthly basis, consumer prices are likely to decrease 0.1 percent, after a 0.2 percent rise in October.
2020-11-30

Italy Inflation Rate
In Italy, the most important categories in the Consumer Price Index are: food and non-alcoholic beverages (16 percent of total weight); transport (15 percent); restaurants and hotels (12 percent); housing, water, electricity and other fuels (10 percent); and miscellaneous goods and services (10 percent). The index also includes: health (9 percent); recreation and culture (8 percent); clothing and footwear (7 percent); and furnishing and household equipment (7 percent). Alcoholic beverages, tobacco, communication and education contribute with the remaining 6 percent.