Cost of food in Italy increased 2.60 percent in June of 2020 over the same month in the previous year.
Food Inflation in Italy averaged 1.78 percent from 1997 until 2020, reaching an all time high of 6.26 percent in July of 2008 and a record low of -1.18 percent in July of 1997. This page provides the latest reported value for - Italy Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Food Inflation - values, historical data and charts - was last updated on July of 2020. source: National Institute of Statistics (ISTAT)
Food Inflation in Italy is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Italy to stand at 1.10 in 12 months time. In the long-term, the Italy Food Inflation is projected to trend around 1.60 percent in 2021 and 1.80 percent in 2022, according to our econometric models.