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.