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.

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Italy Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.60 25.64 -0.60 1962 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-03-01 10:00 AM Inflation Rate YoY Prel Feb 0.6% 0.4% 0.5%
2021-03-16 09:00 AM Inflation Rate YoY Final Feb 0.6% 0.4% 0.6% 0.6%
2021-03-31 09:00 AM Inflation Rate YoY Prel Mar 0.8% 0.6% 0.8% 1%
2021-04-15 08:00 AM Inflation Rate YoY Final Mar 0.8% 0.6% 0.8% 0.8%
2021-04-30 09:00 AM Inflation Rate YoY Prel Apr 0.8% 1% 1.2%
2021-05-17 08:00 AM Inflation Rate YoY Final Apr 0.8%
2021-05-31 09:00 AM Inflation Rate YoY Prel May
2021-06-15 08:00 AM Inflation Rate YoY Final May


News Stream
Italy Inflation Rate Confirmed at Nearly 2-Year High
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.
2021-04-15
Italy Inflation Rate Picks Up to Nearly 2-Year High
The annual inflation rate in Italy increased to 0.8 percent in March of 2021 from 0.6 percent in the previous month and in line with market expectations, a preliminary estimate showed. 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.
2021-03-31
Italy Inflation Rate Confirmed at 20-Month High
The annual inflation rate in Italy rose 0.6% in February of 2021 from 0.4% in the previous month, in line with preliminary estimates. It is the biggest gain in consumer prices since June of 2019, mainly due to a softer fall in prices of non-regulated energy products (-3.6% vs -6.3%) and a rebound in cost of services related to transport (1% vs -0.1%). Also, prices advanced faster for miscellaneous goods and services (1.9% vs 1.8%); recreation & culture (1.6% vs 1.4%) and alcoholic beverages & tobacco (1.9% vs 1.7%) while cost retreated less for communication (-3.3% vs -3.9%) and education (-3.5% vs -3.7%). The annual core inflation rate, which excludes energy and unprocessed food, and inflation excluding only energy slightly sped up to 0.9% for both (from 0.8% in the previous month). On a monthly basis, consumer prices went up 0.1%, following a 0.7% advance in January.
2021-03-16
Italy Inflation Rate Picks Up to 20-Month High in February
The annual inflation rate in Italy increased to 0.6 percent in February of 2021 from 0.4 percent in the previous month, preliminary estimates showed. It is the biggest gain in consumer prices since June of 2019. Prices of services related to transport rose 1 percent, rebounding from a 0.1 percent decrease in January; and cost of non-regulated energy products fell 3.6 percent, much less than a 6.3 percent decline in the prior month. The annual core inflation rate, which excludes energy and unprocessed food picked up to 1 percent from 0.8 percent in January. Excluding only energy, inflation climbed to 0.9 percent from 0.8 percent. On a monthly basis, consumer prices went up 0.1 percent, following a 0.7 percent advance in January.
2021-03-01

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.