Italy’s annual inflation rate came in at 1.1 percent in April of 2019, following a 1.0 percent rise in the previous month and in line with preliminary estimates. It was the highest inflation rate since December 2018, as prices advanced faster for transport. Inflation Rate in Italy averaged 6 percent from 1962 until 2019, 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.

Inflation Rate in Italy is expected to be 0.80 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 1.50 percent in 2020, according to our econometric models.

Italy Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 10:00 AM Inflation Rate YoY Prel 1% 1% 1% 0.9%
2019-04-17 08:00 AM Inflation Rate YoY Final 1% 1% 1% 1%
2019-04-30 09:00 AM Inflation Rate YoY Prel 1.1% 1% 1.3% 1%
2019-05-16 08:00 AM Inflation Rate YoY Final 1.1% 1% 1.1% 1.1%
2019-05-31 09:00 AM Inflation Rate YoY Prel 1.1% 1.3% 1%
2019-06-14 09:00 AM Inflation Rate YoY Final
2019-06-28 09:00 AM Inflation Rate YoY Prel 0.8%



Italy Inflation Rate Confirmed at 1.1% in April

Italy’s annual inflation rate came in at 1.1 percent in April of 2019, following a 1.0 percent rise in the previous month and in line with preliminary estimates. It was the highest inflation rate since December 2018, as prices advanced faster for transport.


Year-on-Year, prices rose faster for transport (2.6 percent vs 1.2 percent in March); restaurants and hotels (1.5 percent vs preliminary estimate of 1.3 percent and March's 0.9 percent); miscellaneous goods and services (1.9 percent vs 1.8 percent); health (0.5 percent vs 0.3 percent) and clothing & footwear (0.2 percent vs 0.1 percent). 

On the other hand, cost slowed for food and non-alcoholic beverages (0.4 percent vs 1.1 percent); housing & utilities (3.4 percent vs preliminary estimate of 4.3 percent and March's 3.7 percent); and alcoholic beverages and tobacco (2.4 percent vs preliminary estimate of 2.5 percent and March's 3.3 percent). In addition, cost continued to decline for recreation & culture (-0.2 percent vs preliminary estimate of -0.1 percent and March's -0.1 percent) and communication (-9.2 percent vs preliminary estimate of -8.7 percent and March's -7.2 percent) while inflation for education was steady (at 0.1 percent).

Annual core inflation, which excludes energy and unprocessed food, rose to 0.6 percent in April from 0.4 percent in the previous month. Excluding energy, inflation edged up to 0.7 percent from 0.6 percent in March, above a preliminary estimate of 0.6 percent.

On a monthly basis, consumer prices went up 0.2 percent, following a 0.3 percent rise in March and matching previous estimates.

The harmonized index of consumer prices increased 1.1 percent year-on-year, after a 1.0 percent gain in the previous month and below preliminary estimate of 1.2 percent. Month-over-month, harmonized inflation eased to 0.5 percent from a 2.3 percent, also below preliminary estimate of 0.6 percent.  


Istat | Rafael Gonzalez | rafael.gonzalez@tradingeconomics.com
5/16/2019 10:01:39 AM



Italy Prices Last Previous Highest Lowest Unit
Inflation Rate 1.10 1.00 25.64 -0.60 percent [+]
Inflation Rate Mom 0.20 0.30 3.50 -2.40 percent [+]
Consumer Price Index CPI 103.00 102.80 103.10 3.60 Index Points [+]
Harmonised Consumer Prices 104.00 103.50 104.00 67.50 Index Points [+]
Core Consumer Prices 102.50 101.90 102.90 69.10 Index Points [+]
Core Inflation Rate 0.60 0.40 3.06 0.20 percent [+]
GDP Deflator 108.94 108.55 108.94 63.97 Index Points [+]
Producer Prices 105.10 105.10 106.60 61.70 Index Points [+]
Producer Prices Change 2.90 3.10 9.20 -7.60 percent [+]
Export Prices 110.40 109.20 110.40 6.00 Index Points [+]
Import Prices 108.50 108.70 111.40 46.50 Index Points [+]
Food Inflation 0.40 1.10 6.26 -1.18 percent [+]
CPI Housing Utilities 104.50 106.30 106.30 56.90 Index Points [+]
CPI Transportation 106.20 104.40 108.90 61.90 Index Points [+]


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 (14 percent); restaurants and hotels (11 percent) and housing, water, electricity and other fuels (11 percent). The index also includes: Miscellaneous goods and services (9 percent); 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 7 percent. 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 - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.00 25.64 -0.60 1962 - 2019 percent Monthly




Country Last Previous
Argentina 55.80 Apr/19
Australia 1.30 Mar/19
Brazil 4.94 Apr/19
Canada 2.00 Apr/19
China 2.50 Apr/19
Euro Area 1.70 Apr/19
France 1.30 Apr/19
Germany 2.00 Apr/19
India 2.92 Apr/19
Indonesia 2.83 Apr/19
Italy 1.10 Apr/19
Japan 0.90 Apr/19
Mexico 4.41 Apr/19
Netherlands 2.90 Apr/19
Russia 5.20 Apr/19
Saudi Arabia -1.90 Apr/19
Singapore 0.80 Apr/19
South Africa 4.40 Apr/19
South Korea 0.60 Apr/19
Spain 1.50 Apr/19
Switzerland 0.70 Apr/19
Turkey 19.50 Apr/19
United Kingdom 2.10 Apr/19
United States 2.00 Apr/19


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