Consumer prices in Italy rose 1.3 percent year-on-year in June of 2021, the same as in the previous month's two-and-a-half-year high and in line with preliminary estimates. Main upward pressure came from a steeper hike in energy costs (14.1 percent vs 13.8 percent in May), as well as a rebound in the prices of recreational, cultural and personal care services (1.0 percent vs 0.0 percent). At the same time, processed food prices declined at a softer pace (-0.4 percent vs -1.1 percent), while costs fell further for both unprocessed food (-1.1 percent vs -0.4 percent) and transport services (-1.4 percent vs -0.2 percent). Core inflation rate, which excludes volatile items such as unprocessed food and energy, inched up to 0.3 percent in June from 0.2 percent in May. source: National Institute of Statistics (ISTAT)

Inflation Rate in Italy averaged 5.79 percent from 1962 until 2021, 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 July of 2021.

Inflation Rate in Italy is expected to be 1.60 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 1.10 in 12 months time. In the long-term, the Italy Inflation Rate is projected to trend around 1.40 percent in 2022 and 1.80 percent in 2023, according to our econometric models.

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Italy Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.30 25.64 -0.60 1962 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-05-31 09:00 AM Inflation Rate YoY Prel May 1.3% 1.1% 1.5%
2021-06-15 08:00 AM Inflation Rate YoY Final May 1.3% 1.1% 1.3% 1.3%
2021-06-30 09:00 AM Inflation Rate YoY Prel Jun 1.3% 1.3% 1.4% 1.5%
2021-07-15 08:00 AM Inflation Rate YoY Final Jun 1.3% 1.3% 1.3% 1.3%
2021-07-30 09:00 AM Inflation Rate YoY Prel Jul 1.3% 1.7% 1.4%
2021-08-11 08:00 AM Inflation Rate YoY Final Jul 1.3%
2021-08-31 09:00 AM Inflation Rate YoY Prel Aug
2021-09-15 08:00 AM Inflation Rate YoY Final Aug


News Stream
Italy Inflation Rate Stable at 1.3% in June
Consumer prices in Italy rose 1.3 percent year-on-year in June of 2021, the same as in the previous month's two-and-a-half-year high and in line with preliminary estimates. Main upward pressure came from a steeper hike in energy costs (14.1 percent vs 13.8 percent in May), as well as a rebound in the prices of recreational, cultural and personal care services (1.0 percent vs 0.0 percent). At the same time, processed food prices declined at a softer pace (-0.4 percent vs -1.1 percent), while costs fell further for both unprocessed food (-1.1 percent vs -0.4 percent) and transport services (-1.4 percent vs -0.2 percent). Core inflation rate, which excludes volatile items such as unprocessed food and energy, inched up to 0.3 percent in June from 0.2 percent in May.
2021-07-15
Italy Inflation Rate Unchanged at 2-1/2-Year High
Italy's consumer price inflation rate is likely to remain unchanged at 1.3 percent year-on-year in June 2021, the same as the previous month's two-and-a-half-year high and slightly below market expectations of 1.4 percent, a preliminary estimate showed. Main upward pressure should come from a sharp increase in energy cost (14.1 percent vs 13.8 percent in May), as well as a rebound in the prices of recreational, cultural and personal care services (0.9 percent vs 0.0 percent). At the same time, processed food cost is set to remain flat (vs -1.1 percent in May), while prices will probably continue to fall for both unprocessed food (-1.0 percent vs -0.4 percent) and transport services (-1.4 percent vs -0.2 percent). Core inflation rate, which excludes volatile items such as unprocessed food and energy, is likely to pick up to 0.3 percent in June from 0.2 percent in May.
2021-06-30
Italy Inflation Rate Confirmed at 2-1/2-Year High
The annual inflation rate in Italy increased to 1.3 percent in May of 2021 from 1.1 percent in the previous month, in line with preliminary estimates. It was the highest inflation since November 2018, as cost accelerated for transport (4.8 percent vs 2.9 percent in April); housing & utilities (5.9 percent vs 5 percent); health (1 percent vs 0.9 percent); clothing and footwear (0.3 percent vs 0.2 percent); furnishing and household equipment (0.5 percent vs 0.4 percent); while inflation was steady for miscellaneous goods and services (at 1.2 percent). Meantime, prices continued to fall for food & non-alcoholic beverages (-0.7 percent vs -0.5 percent); communication (-2.8 percent vs -3.6 percent) and education (-3.7 percent, the same as in April). Both core inflation (excluding energy and unprocessed food) and inflation excluding energy were 0.2 percent (down from 0.3 percent in the previous month). On a monthly basis, consumer prices showed no growth in May.
2021-06-15
Italy Inflation Rate Accelerates to 2-1/2-Year High of 1.3% in May
The annual inflation rate in Italy increased to 1.3 percent in May of 2021 from 1.1 percent in the previous month, a preliminary estimate showed. It was the highest inflation since November 2018, mainly due to the prices of energy products (13.8 percent vs 9.8 percent in April), in particular to the prices of non-regulated energy products (12.6 percent vs 6.6 percent). Meantime, cost of regulated energy products surged 16.8 percent, the same as in the prior month, while those of services related to recreation, including repair and personal care decreased 0.1 percent, after rising 0.7 percent. The annual core inflation rate, which excludes energy and unprocessed food, was unchanged at 0.3 percent. Excluding only energy, inflation slowed to 0.2 percent from 0.3 percent. On a monthly basis, consumer prices showed no growth in May.
2021-05-31

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.