Annual core inflation rate, which excludes energy and unprocessed food, went up 0.7 percent, the same as in October and below flash estimates of 0.9 percent. Excluding only energy, the inflation the inflation went down to 0.7 percent from 0.8 percent in the prior month. Core Inflation Rate in Italy averaged 1.72 percent from 1997 until 2018, reaching an all time high of 3.06 percent in August of 2008 and a record low of 0.20 percent in October of 2016.
Core Inflation Rate in Italy is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Italy to stand at 1.40 in 12 months time. In the long-term, the Italy Core Inflation Rate is projected to trend around 1.80 percent in 2020, according to our econometric models.