The consumer price index in Italy rose 0.3 percent from a month earlier to 119.7 points in May 2023, while markets had forecast a 0.1 percent fall, a preliminary estimate showed. Year-on-year, consumer prices increased 7.6 percent. source: National Institute of Statistics (ISTAT)

Consumer Price Index CPI in Italy averaged 50.58 points from 1957 until 2023, reaching an all time high of 119.70 points in May of 2023 and a record low of 3.60 points in February of 1957. This page provides the latest reported value for - Italy Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Consumer Price Index (CPI) - values, historical data and charts - was last updated on June of 2023.

Consumer Price Index CPI in Italy is expected to be 118.69 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Consumer Price Index (CPI) is projected to trend around 124.66 points in 2024 and 127.53 points in 2025, according to our econometric models.

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Italy Consumer Price Index (CPI)

Calendar GMT Actual Previous Consensus TEForecast
2023-05-16 08:00 AM CPI Final Apr 119.3 118.8 119.4
2023-05-31 09:00 AM CPI Prel May 119.7 119.3 119.7
2023-06-16 08:00 AM CPI Final May 119.3 119.7

Related Last Previous Unit Reference
Inflation Rate 7.60 8.20 percent May 2023
Inflation Rate MoM 0.30 0.40 percent May 2023
Harmonised Consumer Prices 121.80 121.50 points May 2023
Consumer Price Index CPI 119.70 119.30 points May 2023
Core Inflation Rate 6.09 6.22 percent May 2023
Core Consumer Prices 113.20 112.70 points May 2023
GDP Deflator 113.93 112.00 points Mar 2023
Producer Prices 140.40 147.50 points Apr 2023
Producer Prices Change -1.50 3.70 percent Apr 2023
Export Prices 153.70 153.00 points Mar 2023
Import Prices 155.80 158.00 points Mar 2023
Food Inflation 11.90 12.10 percent May 2023
CPI Transportation 121.70 122.80 points May 2023
CPI Housing Utilities 152.70 151.90 points May 2023

Italy Consumer Price Index (CPI)
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.
Actual Previous Highest Lowest Dates Unit Frequency
119.70 119.30 119.70 3.60 1957 - 2023 points Monthly
2015=100, NSA