Consumer prices in Italy are expected to decrease 0.1 percent year-on-year in May of 2020, after showing no growth in the previous month and in line with market expectations. It was the first fall in consumer prices since October of 2016, mainly due to a steeper decline in prices of non-regulated energy products (-12.2 percent vs -7.6 percent). The annual core inflation rate, which excludes energy and unprocessed food is set to rise to 0.9 percent from 0.8 percent in the prior month. Excluding only energy, inflation is seen rising to 1.1 percent from 1 percent in April. On a monthly basis, consumer prices are likely to drop 0.1 percent, down from a 0.1 percent gain in the prior month.

Inflation Rate in Italy averaged 5.89 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 May of 2020. source: National Institute of Statistics (ISTAT)

Inflation Rate in Italy is expected to be -1.30 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 -0.10 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.

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Italy Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 0.00 25.64 -0.60 1962 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-15 08:00 AM Inflation Rate YoY Final Mar 0.1% 0.3% 0.1% 0.1%
2020-04-30 09:00 AM Inflation Rate YoY Prel Apr 0% 0.1% -0.2% -0.5%
2020-05-15 09:00 AM Inflation Rate YoY Final Apr 0% 0.1% 0% 0%
2020-05-29 09:00 AM Inflation Rate YoY Prel May -0.1% 0% -0.1% -0.3%
2020-06-15 08:00 AM Inflation Rate YoY Final May 0% -0.1% -0.1%
2020-06-30 09:00 AM Inflation Rate YoY Prel Jun -1.3%
2020-07-15 08:00 AM Inflation Rate YoY Final Jun -1.3%
2020-07-31 09:00 AM Inflation Rate YoY Prel Jul
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Italy Consumer Prices Fall for 1st Time in Near 3-1/2-Year
Consumer prices in Italy are expected to decrease 0.1 percent year-on-year in May of 2020, after showing no growth in the previous month and in line with market expectations. It was the first fall in consumer prices since October of 2016, mainly due to a steeper decline in prices of non-regulated energy products (-12.2 percent vs -7.6 percent). The annual core inflation rate, which excludes energy and unprocessed food is set to rise to 0.9 percent from 0.8 percent in the prior month. Excluding only energy, inflation is seen rising to 1.1 percent from 1 percent in April. On a monthly basis, consumer prices are likely to drop 0.1 percent, down from a 0.1 percent gain in the prior month.
2020-05-29
Italy Consumer Prices Unchanged in April
Consumer prices in Italy were unchanged in April 2020, following a 0.1 percent rise in the previous month, matching a preliminary estimate. Cost of energy dropped further (-9.7 percent vs -5.7 percent in March), of which regulated energy products (-14.1 percent vs -9.4 percent) and non-regulated energy products (-7.6 percent vs -2.7 percent). In addition, services prices slowed to 0.6 percent from 0.8 percent in March, mostly due to those related to transport (-0.3 percent vs 0.5 percent). Meanwhile, cost of food including alcohol increased at a faster pace (2.7 percent vs 1.1 percent). On a monthly basis, consumer prices went up 0.1 percent, the same as in the prior month.
2020-05-15
Italy Inflation Rate Unchanged in April
Consumer prices in Italy are expected to show no growth from a year earlier in April of 2020, after a 0.1 percent increase in the previous month and compared to market expectations of a 0.2 percent drop, a preliminary estimate showed. A faster decline in prices of regulated energy products (-13.9 percent vs -9.4 percent) and non-regulated energy products (-7.6 percent vs -2.7 percent) was offset by an advance in the cost of food including alcohol (2.8 percent vs 1.1 percent) and a lower decrease in those of services related to communication (-1.3 percent vs -2.6 percent). On a monthly basis, consumer prices went up 0.1 percent, the same as in the prior month.
2020-04-30
Italy Inflation Rate Confirmed at Over 3-Year Low of 0.1%
The annual inflation rate in Italy decreased to 0.1 percent in March of 2020 from 0.3 percent in the previous month and in line with preliminary estimates. It was the lowest inflation rate since November 2016, mainly due to a fall in prices of non-regulated energy products (-2.7 percent vs 1.2 percent) and a slowdown of those of services (0.8 percent vs 1.0 percent). On the other hand, cos of processed food including alcohol (1.1 percent vs 0.5 percent) and tobacco (2.5 percent vs 1.5 percent) advanced faster. Core inflation (excluding energy and unprocessed food) and inflation excluding energy were 0.7 percent, both the same as in the previous month. On a monthly basis, consumer prices went up 0.1 percent, after a 0.1 percent decrease in the prior month.
2020-04-15

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 (15 percent); restaurants and hotels (12 percent); housing, water, electricity and other fuels (10 percent); and miscellaneous goods and services (10 percent). The index also includes: 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 6 percent.