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.

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Italy Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 -0.50 25.64 -0.60 1962 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-12 08:00 AM Inflation Rate YoY Final Jul -0.4% -0.2% -0.3% -0.3%
2020-08-31 09:00 AM Inflation Rate YoY Prel Aug -0.5% -0.4% -0.5% -0.4%
2020-09-15 08:00 AM Inflation Rate YoY Final Aug -0.5% -0.4% -0.5% -0.5%
2020-09-30 09:00 AM Inflation Rate YoY Prel Sep -0.5% -0.5% -0.4% -0.3%
2020-10-16 08:00 AM Inflation Rate YoY Final Sep -0.5% -0.5% -0.5%
2020-10-30 10:00 AM Inflation Rate YoY Prel Oct
2020-11-16 09:00 AM Inflation Rate YoY Final Oct
2020-11-30 10:00 AM Inflation Rate YoY Prel Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Italy Consumer Prices Fall More than Expected
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.
2020-09-30
Italy Consumer Price Deflation Confirmed for 4th Month
Consumer prices in Italy fell 0.5 percent year-on-year in August of 2020, following a 0.4 percent decrease in the previous month and in line with preliminary estimates. It was the fourth consecutive month of falls in the consumer prices, as cost declined faster for transport (-3.9 percent vs -3.3 percent), of which services related to transport (-2.3 percent from -0.9 percent). Also, prices continued to drop for housing& utilities (-3.9 percent vs -4 percent), in particular regulated energy products (-13.7 percent vs -13.6 percent) and non-regulated energy products (-8.6 percent from -9.0 percent). Meantime, cost slowed for food & non-alcoholic beverages (1.1 percent vs 1.4 percent) while inflation was steady for health (at 0.6 percent) and alcoholic beverages & tobacco (at 1.9 percent). On a monthly basis, consumer prices edged up 0.3 percent, after a 0.2 percent drop in July.
2020-09-15
Italy Consumer Prices Fall for 4th Month
Consumer prices in Italy are expected to fall 0.5 percent year-on-year in August of 2020, following a 0.4 percent decrease in the previous month and in line with market expectations, a preliminary estimate showed. It was the fourth consecutive month of falls in the consumer prices, as cost fell for both regulated (-13.6 percent, the same as in July) and non-regulated energy products (-8.6 percent from -9.0 percent), and services related to transport (-2.3 percent from -0.9 percent). On the other hand, prices increased for processed food including alcohol (0.8 percent from 0.6 percent) and unprocessed food (2 percent from 2.5 percent). The annual core inflation rate, which excludes energy and unprocessed food is set to decrease to 0.3 percent from 0.4 percent in the prior month. Excluding only energy, inflation is seen falling to 0.4 percent from 0.6 percent in July. On a monthly basis, consumer prices are likely to increase 0.3 percent, after a 0.2 percent drop in the prior month.
2020-08-31
Italy Consumer Prices Fall the Most in 4 Years
Italy's consumer prices dropped 0.4 percent from a year earlier in July 2020, the largest decline since June 2016 and more than an initial estimate of a 0.3 percent fall, amid the coronavirus crisis. Main downward pressure came from transport (-3.3 percent vs -3.7 percent), restaurants and hotels (-0.2 percent, the same as in June), and housing and utilities (-4.0 percent vs -4.4 percent). At the same time, inflation slowed for food and non-alcoholic beverages (1.4 percent vs 2.4 percent) and miscellaneous goods and services (1.6 percent vs 1.7 percent).
2020-08-12

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.