Consumer prices in Italy are expected to decrease 0.5% year-on-year in September of 2020, the same as in the previous month and compared to market expectations of a 0.4% drop, a preliminary estimate showed. It was the fifth consecutive month of falls in the consumer prices, as cost continued to fall for regulated energy products (-13.6% vs -13.7% in August); non-regulated energy products (-8.2% vs -8.6%) and services related to transport (-1.6% vs -2.3%). Also, prices fell for services related to recreation, including repair and personal care (-0.4% vs 0.1%). On the contrary, the prices of unprocessed food sped up (2.7% vs 2%). The annual core inflation rate, which excludes energy and unprocessed food is set to fall to 0.1% from 0.3% in the prior month. Excluding only energy, inflation is seen edging down to 0.3% from 0.4% in August. On a monthly basis, consumer prices are likely to drop 0.6%, after a 0.3% rise in the prior month.
Inflation Rate in Italy averaged 5.86 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 October of 2020. source: National Institute of Statistics (ISTAT)
Inflation Rate in Italy is expected to be -0.30 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 0.60 in 12 months time. In the long-term, the Italy Inflation Rate is projected to trend around 1.10 percent in 2021 and 1.40 percent in 2022, according to our econometric models.