Italy’s annual inflation rate decreased to 0.7 percent in June of 2019 from 0.8 percent in the previous month and below preliminary estimates of 0.8 percent. It is the lowest inflation rate since April of 2018, as cost slowed for food and non-alcoholic beverages, transport and housing and utilities. Inflation Rate in Italy averaged 5.98 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 0.60 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 1.30 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
2019-05-31 09:00 AM Inflation Rate YoY Prel May 0.9% 1.1% 1.3% 1%
2019-06-14 09:00 AM Inflation Rate YoY Final May 0.8% 1.1% 0.9% 0.9%
2019-06-28 09:00 AM Inflation Rate YoY Prel Jun 0.8% 0.8% 0.7% 0.8%
2019-07-16 09:00 AM Inflation Rate YoY Final Jun 0.7% 0.8% 0.8% 0.8%
2019-07-31 09:00 AM Inflation Rate YoY Prel Jul 0.7% 0.7%
2019-08-09 09:00 AM Inflation Rate YoY Final Jul 0.7%
2019-08-30 09:00 AM Inflation Rate YoY Prel Aug 0.6%



Italy Inflation Rate Revised Down to Over 1-Year Low of 0.7%

Italy’s annual inflation rate decreased to 0.7 percent in June of 2019 from 0.8 percent in the previous month and below preliminary estimates of 0.8 percent. It is the lowest inflation rate since April of 2018, as cost slowed for food and non-alcoholic beverages, transport and housing and utilities.

Year-on-year, prices eased for food and non-alcoholic beverages (0.3 percent from 0.4 percent, below preliminary estimates of 0.4 percent); transport (0.8 percent from 1.8 percent, in line with flash estimates), due to services related to transport (1.5 percent from 1.6 percent); housing and utilities (3.2 percent from 3.3 percent, the same as in earlier estimates), amid a fall in non-regulated energy prices (-0.6 percent from 2.4 percent) and alcoholic beverages and tobacco (2.1 percent, below preliminary estimates of 2.2 percent). On the other hand, cost rose faster for restaurant and hotels (1.4 percent from 1.3 percent, matching earlier estimates) and miscellaneous goods and services (1.6 percent from 1.5 percent, the same as in preliminary estimates). Meantime, inflation was steady for health (at 0.5 percent, in line with flash estimates); clothing and footwear (0.3 percent, above flash estimates of 0.2 percent); and furnishing and household equipment (at 0.1 percent, matching earlier estimates) while prices continued to fall for recreation and culture (-0.3 percent from -0.1 percent, more than earlier estimates of -0.1 percent) and communication (-9.4 percent, the same as in the previous month and preliminary estimates). 

Annual core inflation rate, which excludes energy and unprocessed food, came in at 0.4 percent in June, the same as in the previous month and below flash estimates of 0.5 percent. Excluding only energy, inflation was unchanged at 0.5 percent, lower than preliminary estimates of 0.6 percent. 

On a monthly basis, consumer prices edged up 0.1 percent in June, after showing no growth in May and below preliminary estimates of 0.2 percent. 

The harmonized index of consumer prices is rose 0.8 percent from the previous year (from 0.9 percent in May); and advanced 0.1 percent month-over-month (the same as in May).


Istat | Agna Gabriel | agna.gabriel@tradingeconomics.com
7/16/2019 9:44:15 AM



Italy Prices Last Previous Highest Lowest Unit
Inflation Rate 0.70 0.80 25.64 -0.60 percent [+]
Inflation Rate Mom 0.10 0.00 3.50 -2.40 percent [+]
Consumer Price Index CPI 103.10 103.00 103.10 3.60 Index Points [+]
Harmonised Consumer Prices 104.20 104.10 104.20 67.50 Index Points [+]
Core Consumer Prices 102.70 102.40 102.90 69.10 Index Points [+]
Core Inflation Rate 0.50 0.40 3.06 0.20 percent [+]
GDP Deflator 109.55 109.06 109.55 63.97 Index Points [+]
Producer Prices 104.00 103.90 106.60 61.70 Index Points [+]
Producer Prices Change 1.50 2.10 9.20 -7.60 percent [+]
Export Prices 111.20 110.40 111.20 6.00 Index Points [+]
Import Prices 109.30 108.50 111.40 46.50 Index Points [+]
Food Inflation 0.30 0.40 6.26 -1.18 percent [+]
CPI Housing Utilities 103.40 103.40 106.30 56.90 Index Points [+]
CPI Transportation 107.00 106.20 108.90 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.80 25.64 -0.60 1962 - 2019 percent Monthly




Country Last Previous
Argentina 55.80 Jun/19
Australia 1.30 Mar/19
Brazil 3.37 Jun/19
Canada 2.00 Jun/19
China 2.70 Jun/19
Euro Area 1.30 Jun/19
France 1.20 Jun/19
Germany 1.60 Jun/19
India 3.18 Jun/19
Indonesia 3.28 Jun/19
Italy 0.70 Jun/19
Japan 0.70 May/19
Mexico 3.95 Jun/19
Netherlands 2.70 Jun/19
Russia 4.70 Jun/19
Saudi Arabia -1.50 May/19
Singapore 0.90 May/19
South Africa 4.50 May/19
South Korea 0.70 Jun/19
Spain 0.40 Jun/19
Switzerland 0.60 Jun/19
Turkey 15.72 Jun/19
United Kingdom 2.00 Jun/19
United States 1.60 Jun/19


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