The annual inflation rate in Italy decreased to 1.1 percent in December of 2018 from 1.6 percent in the previous month and in line with preliminary estimates. It is the lowest inflation rate since May, amid lower prices of processed food and transport. Inflation Rate in Italy averaged 6.03 percent from 1962 until 2018, 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 1.70 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 2.00 in 12 months time. In the long-term, the Italy Inflation Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.

Italy Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-30 10:00 AM Inflation Rate YoY Prel 1.7% 1.6% 1.7% 1.6%
2018-12-14 10:00 AM Inflation Rate YoY Final 1.6% 1.6% 1.7% 1.7%
2019-01-04 10:00 AM Inflation Rate YoY Prel 1.1% 1.6% 1.6%
2019-01-16 10:00 AM Inflation Rate YoY Final 1.1% 1.6% 1.1% 1.1%
2019-02-04 10:00 AM Inflation Rate YoY Prel 1.1%
2019-02-21 09:00 AM Inflation Rate YoY Final 1.1%
2019-02-28 10:00 AM Inflation Rate YoY Prel



Italy Inflation Rate Confirmed at 7-Month Low of 1.1%

The annual inflation rate in Italy decreased to 1.1 percent in December of 2018 from 1.6 percent in the previous month and in line with preliminary estimates. It is the lowest inflation rate since May, amid lower prices of processed food and transport.

Year-on-year, prices slowed for transport (1.2 percent from 3.5 percent in November), mainly due to lower prices of services related to transport (0.6 percent from 2 percent) and food and non-alcoholic beverages (0.8 percent from 0.9 percent), with lower prices of processed food (0.5 percent from 1.1 percent) more than offsetting higher cost of unprocessed food (1.3 percent from 1.1 percent). In addition, cost rose at a softer pace for restaurants and hotels (1.1 percent from 1.3 percent) and alcoholic beverages and tobacco (2.6 percent from 3.4 percent). 

Meanwhile, inflation was steady for housing and utilities (4.8 percent, the same as in November), as regulated energy prices rose 10.7 percent, the same as in the prior month while non-regulated energy prices eased (2.6 percent from 7.8 percent); clothing and footwear (0.2 percent) and education (0.1 percent). On the other hand, prices advanced faster for miscellaneous goods and services (2.6 percent from 2.5 percent) and furnishing and household equipment (0.2 percent from 0.1 percent). 

Annual core inflation rate, which excludes energy and unprocessed food, went down to 0.6 percent from 0.7 percent in November. Excluding only energy, the inflation decreased to 0.6 percent from 0.7 percent in the prior month.

On a monthly basis, consumer prices dropped 0.1 percent, after falling 0.2 percent in November, and matching flash estimates. 

The harmonized index of consumer prices is rose by 1.2 percent from the previous year (1.6 percent November); and decreased by 0.1 percent month-over-month (0.3 percent in November).


Istat | Agna Gabriel | agna.gabriel@tradingeconomics.com
1/16/2019 10:20:48 AM



Italy Prices Last Previous Highest Lowest Unit
Inflation Rate 1.10 1.60 25.64 -0.60 percent [+]
Inflation Rate Mom -0.10 -0.20 3.50 -2.40 percent [+]
Consumer Price Index CPI 102.30 102.40 103.10 3.60 Index Points [+]
Harmonised Consumer Prices 103.30 103.40 103.70 67.50 Index Points [+]
Core Consumer Prices 101.60 101.40 102.90 69.10 Index Points [+]
Core Inflation Rate 0.60 0.70 3.06 0.20 percent [+]
GDP Deflator 108.89 109.02 109.02 63.97 Index Points [+]
Producer Prices 105.70 106.40 106.60 61.70 Index Points [+]
Producer Prices Change 4.50 5.80 9.20 -7.60 percent [+]
Export Prices 109.60 109.40 109.60 6.00 Index Points [+]
Import Prices 110.90 109.90 111.40 46.50 Index Points [+]
Food Inflation 0.80 0.90 6.26 -1.18 percent [+]
CPI Housing Utilities 105.30 105.30 105.30 56.90 Index Points [+]
CPI Transportation 104.20 105.10 108.90 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.60 25.64 -0.60 1962 - 2018 percent Monthly




Country Last Previous
Argentina 47.10 Dec/18
Australia 1.90 Sep/18
Brazil 3.75 Dec/18
Canada 2.00 Dec/18
China 1.90 Dec/18
Euro Area 1.60 Dec/18
France 1.60 Dec/18
Germany 1.70 Dec/18
India 2.19 Dec/18
Indonesia 3.13 Dec/18
Italy 1.10 Dec/18
Japan 0.30 Dec/18
Mexico 4.83 Dec/18
Netherlands 2.00 Dec/18
Russia 4.30 Dec/18
Saudi Arabia 2.80 Nov/18
Singapore 0.30 Nov/18
South Africa 5.20 Nov/18
South Korea 1.30 Dec/18
Spain 1.20 Dec/18
Switzerland 0.70 Dec/18
Turkey 20.30 Dec/18
United Kingdom 2.10 Dec/18
United States 1.90 Dec/18


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