The annual inflation rate in Italy likely accelerated to 8 percent in June of 2022, the highest since January of 1986, surpassing market estimates of a 7.4 percent rise and compared to the 6.8 percent increase in the previous month, according to preliminary estimates. Costs rose faster for energy goods (48.7 percent vs 42.6 percent in May), driven by the non-regulated kind (39.9 percent vs 32.9 percent), while regulated energy inflation was unchanged (at 64.3 percent). Prices were also higher for processed (8.2 percent vs 6.6 percent) and unprocessed (9.6 percent vs 7.9 percent) food and recreation and cultural services (5 percent vs 4.4 percent). The annual core inflation rate, which excludes energy and unprocessed food, rose to 3.8 percent from 3.2 percent in the prior month. On a monthly basis, consumer prices were likely 1.2 percent higher, well above market expectations of a 0.6 percent increase and accelerating from the 0.8 rise in May. source: National Institute of Statistics (ISTAT)
Inflation Rate in Italy averaged 5.77 percent from 1962 until 2022, 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 2022.
Inflation Rate in Italy is expected to be 6.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Inflation Rate is projected to trend around 2.20 percent in 2023 and 1.80 percent in 2024, according to our econometric models.