The annual inflation rate in Italy increased to 0.8 percent in March of 2021 from 0.6 percent in the previous month, confirming the flash estimate. It was the highest inflation since May of 2019, mainly due to a rebound in prices of non-regulated energy products (1.7 percent vs -3.6 percent in February) and a faster rise in cost of services related to transport (2.2 percent vs 1 percent). The annual core inflation rate, which excludes energy and unprocessed food, and inflation excluding only energy slowed to 0.8 percent for both (from 0.9 percent in the previous month). On a monthly basis, consumer prices went up 0.3 percent, following a 0.1 percent gain in February. source: National Institute of Statistics (ISTAT)
Inflation Rate in Italy averaged 5.81 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 April of 2021.
Inflation Rate in Italy is expected to be 0.60 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 1.20 in 12 months time. In the long-term, the Italy Inflation Rate is projected to trend around 1.40 percent in 2022 and 1.70 percent in 2023, according to our econometric models.