Italian EU-harmonized consumer prices rose by 8.1 percent year-on-year in May 2023, easing from a 8.7 percent increase in April but defying market expectations of a 7.5 percent advance, a preliminary estimate showed. Despite the recent slowdown, the HICP rate remained well above the European Central Bank's target of 2.0 percent. source: National Institute of Statistics (ISTAT)

Harmonised Inflation Rate YoY in Italy averaged 2.73 percent from 1990 until 2023, reaching an all time high of 12.60 percent in October of 2022 and a record low of -1.00 percent in September of 2020. This page includes a chart with historical data for Italy Harmonised Inflation Rate YoY. Italy Harmonised Inflation Rate YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Harmonised Inflation Rate YoY in Italy is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Harmonised Inflation Rate YoY is projected to trend around 2.20 percent in 2024 and 2.00 percent in 2025, according to our econometric models.

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Italy Harmonised Inflation Rate YoY

Calendar GMT Actual Previous Consensus TEForecast
2023-05-16 08:00 AM Harmonised Inflation Rate YoY Final Apr 8.7% 8.1% 8.8% 8.8%
2023-05-31 09:00 AM Harmonised Inflation Rate YoY Prel May 8.1% 8.7% 7.5% 7.3%
2023-06-16 08:00 AM Harmonised Inflation Rate YoY Final May 8.7% 8.1% 8.1%

Related Last Previous Unit Reference
Inflation Rate 7.60 8.20 percent May 2023
Harmonised Consumer Prices 121.80 121.50 points May 2023
Harmonised Inflation Rate MoM 0.30 0.90 percent May 2023

Italy Harmonised Inflation Rate YoY
The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). The HICP is compiled by Eurostat and the national statistical institutes in accordance with harmonised statistical methods. The ECB aims to maintain annual inflation rates as measured by the HICP below, but close to, 2% over the medium term.
Actual Previous Highest Lowest Dates Unit Frequency
8.10 8.70 12.60 -1.00 1990 - 2023 percent Monthly