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.