The annual inflation rate in Italy rose to 0.5% in December 2019 from 0.2% in November and matching the preliminary estimate. It was the highest inflation rate since June, boosted by prices of transport (1.2% vs -0.3% in November) and food & non-alcoholic beverages (0.8%, the same pace as in November). Additional upward pressure came from alcoholic beverages & tobacco (2% vs 1.9%); clothing & footwear (0.6% vs 0.4%); miscellaneous goods & services (1.6% vs 1.8%) and hotels & restaurants (1.2% vs 1.3%). However, cost fell for housing & utilities (-1.7% vs -1.8%) and communication (-6.6% vs -6.4%). Annual core inflation rate, which excludes energy and unprocessed food dropped to 0.6% from 0.7% in the prior month. Excluding only energy, the inflation also edged down to 0.7% from 0.8% in November. On a monthly basis, consumer prices went up 0.2%, after decreasing 0.2% in the previous month and matching an earlier estimate. Inflation Rate in Italy averaged 5.93 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. source: National Institute of Statistics (ISTAT)

Inflation Rate in Italy is expected to be 0.40 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 0.90 in 12 months time. In the long-term, the Italy Inflation Rate is projected to trend around 1.10 percent in 2020, according to our econometric models.

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Italy Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.20 25.64 -0.60 1962 - 2019 percent Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-11-29 10:00 AM Inflation Rate YoY Prel Nov 0.4% 0.2% 0.3% 0.1%
2019-12-16 09:00 AM Inflation Rate YoY Final Nov 0.2% 0.2% 0.4% 0.4%
2020-01-07 10:00 AM Inflation Rate YoY Prel Dec 0.5% 0.2% 0.6% 0.5%
2020-01-17 10:00 AM Inflation Rate YoY Final Dec 0.5% 0.2% 0.5% 0.5%
2020-02-04 10:00 AM Inflation Rate YoY Prel Jan 0.5%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2020-01-07
Italy December Inflation Rate at 6-Month High of 0.5%
The annual inflation rate in Italy is expected to rise to 0.5 percent in December 2019 from 0.2 percent in November and slightly below market expectations of 0.6 percent, a preliminary estimate showed. It should be the highest inflation rate since June, mainly attributable to prices of transport (1.2 percent vs -0.3 percent in November) and food & non-alcoholic beverages (0.9 percent vs 0.8 percent). In contrast, cost is seen falling for housing & utilities (-1.6 percent vs -1.8 percent). Annual core inflation rate, which excludes energy and unprocessed food is expected to remain steady at 0.7 percent. Excluding only energy, the inflation should remain unchanged at 0.8 percent. On a monthly basis, consumer prices are set to increase 0.2 percent, after dropping 0.2 percent in November, in line with market expectations. The harmonized index is seen rising to 0.5 percent on the year (vs 0.2 percent in November) and increasing 0.2 percent on the month (vs -0.3 percent in November).

2019-12-16
Italy Inflation Rate Revised Down to 0.2% in November
The annual inflation rate in Italy came in at 0.2 percent in November of 2019, the same as in the previous month and slightly lower than a preliminary estimate of 0.4 percent. It remained the lowest inflation rate since November 2016.

2019-11-29
Italy Inflation Rate Rises to 3-Month High
Italy’s annual inflation rate is expected to pick up to 0.4 percent in November 2019 from 0.2 percent in the previous month and above market expectations of 0.3 percent, a preliminary estimate showed. It was the highest inflation since August, as higher costs of processed food including alcohol, non-durable goods and durable goods were only partially offset by a slowdown in prices of services related to transport.

2019-11-15
Italy Inflation Rate Revised Down to Near 3-Year Low
The annual inflation rate in Italy fell to 0.2 percent in October 2019 from 0.3 percent in the previous month, below a preliminary estimate and market expectations of 0.3 percent. It was the lowest inflation rate since November 2016, as cost of regulated energy products dropped further. On a monthly basis, consumer prices went down 0.1 percent, after a 0.6 percent decline in the prior month and against market forecasts and a preliminary reading of a flat reading.

2019-10-31
Italy Inflation Rate Steady at 3-Year Low of 0.3%
The annual inflation rate in Italy is expected to remain unchanged at 0.3 percent in October 2019, the lowest since November 2016 and slightly above market forecasts of 0.2 percent, preliminary estimates showed. Higher food prices should be partly offset by a further decline in those of housing & utilities.

2019-10-16
Italy Inflation Rate Revised Down to Near 3-Year Low
The annual inflation rate in Italy fell to 0.3 percent in September of 2019 from 0.4 percent in the previous month and below preliminary estimates of 0.4 percent. It was the lowest inflation since November of 2016.


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.

Italy Prices Last Previous Highest Lowest Unit
Inflation Rate 0.50 0.20 25.64 -0.60 percent [+]
Inflation Rate Mom 0.20 -0.20 3.50 -2.40 percent [+]
Consumer Price Index CPI 102.80 102.60 103.50 3.60 points [+]
Harmonised Consumer Prices 103.80 103.60 104.20 67.50 points [+]
Core Consumer Prices 102.20 102.10 103.40 69.10 points [+]
Core Inflation Rate 0.60 0.70 3.06 0.20 percent [+]
GDP Deflator 103.59 103.30 103.59 63.97 points [+]
Producer Prices 103.10 103.20 106.60 61.70 points [+]
Producer Prices Change -2.50 -2.90 9.20 -7.60 percent [+]
Export Prices 112.50 111.80 112.50 6.00 points [+]
Import Prices 107.20 107.20 111.40 46.50 points [+]
Food Inflation 0.80 0.80 6.26 -1.18 percent [+]
CPI Housing Utilities 103.50 103.40 106.30 56.90 points [+]
CPI Transportation 105.40 104.80 109.50 61.90 points [+]