Consumer prices in Italy increased 0.2 percent year-on-year in January of 2021, after a 0.2 percent fall in the previous month and compared to market forecasts of a 0.1 percent drop, preliminary estimates showed. It is the first rise in consumer prices since March, mainly due to the lower decreases of prices of energy (-7.7 percent vs -5.5 percent), either of regulated energy products (-3.6 percent vs -7 percent) and of non-regulated energy products (-6.3 percent vs -8.1 percent), and, to a lower extent, to prices of services related to transport (-0.1 percent vs -0.7 percent). On a monthly basis, inflation increased to 0.5 percent from 0.2 percent. The harmonized index went up 0.5 percent year-on-year and declined 1.1 percent month-over-month. source: National Institute of Statistics (ISTAT)
Inflation Rate in Italy averaged 5.82 percent from 1962 until 2021, 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.