Italy’s annual inflation rate came in at 1 percent in March of 2019, the same as in the previous month and in line with preliminary estimates. Higher cost of non-regulated energy products (3.3 percent from 0.8 percent) were offset by a slowdown in prices of unprocessed food (1.9 percent from 3.7 percent), services related to transport (0.5 percent from 0.9 percent) and tobacco (4 percent from 4.5 percent). Inflation Rate in Italy averaged 6.01 percent from 1962 until 2019, 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.

Inflation Rate in Italy is expected to be 0.80 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 1.50 percent in 2020, according to our econometric models.

Italy Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-28 10:00 AM Inflation Rate YoY Prel 1.1% 0.9% 1.1% 0.9%
2019-03-15 10:00 AM Inflation Rate YoY Final 1% 0.9% 1.1% 1.1%
2019-03-29 10:00 AM Inflation Rate YoY Prel 1% 1% 1% 0.9%
2019-04-17 08:00 AM Inflation Rate YoY Final 1% 1% 1% 1%
2019-04-30 09:00 AM Inflation Rate YoY Prel 1% 1%
2019-05-16 08:00 AM Inflation Rate YoY Final 1%
2019-05-31 09:00 AM Inflation Rate YoY Prel 0.8%



Italy Inflation Rate Confirmed at 1% in March

Italy’s annual inflation rate came in at 1 percent in March of 2019, the same as in the previous month and in line with preliminary estimates. Higher cost of non-regulated energy products (3.3 percent from 0.8 percent) were offset by a slowdown in prices of unprocessed food (1.9 percent from 3.7 percent), services related to transport (0.5 percent from 0.9 percent) and tobacco (4 percent from 4.5 percent).

Year-on-year, prices rose faster for transport (1.2 percent from 0.6 percent in February, the same as in the preliminary estimate) and miscellaneous goods and services (1.8 percent from 1.7 percent, the same as in the preliminary estimate). On the other hand, cost slowed for food and non-alcoholic beverages (1.1 percent from 1.7 percent, below 1.3 percent in the preliminary estimate); restaurant and hotels (0.9 percent from 1 percent, the same as in the preliminary estimate); housing and utilities (3.7 percent from 3.8 percent, the same as in the preliminary estimate); health (0.3 percent from 0.5 percent, the same as in the preliminary estimate); furnishing and household equipment (0.1 percent from 0.2 percent, below 0.2 percent in the preliminary estimate) and alcoholic beverages and tobacco (3.3 percent from 3.5 percent, below 3.4 percent in the preliminary estimate). Meanwhile, inflation was steady for clothing and footwear (at 0.1 percent, the same as in the preliminary estimate) and education (at 0.1 percent, the same as in the preliminary estimate). Prices continued to fall for recreation and culture (-0.1 percent from -0.3 percent, the same as in the preliminary estimate) and communication (-7.2 percent from -7.5 percent compared to -6.5 percent in the preliminary estimate).

Annual core inflation rate, which excludes energy and unprocessed food, was steady at 0.4 percent, the same as in the prior month and below preliminary estimates of 0.5 percent. Excluding only energy, inflation edged down to 0.6 percent, after a 0.7 percent gain in February.

On a monthly basis, consumer prices went up 0.3 percent, following a 0.1 percent gain in February and matching earlier estimates. 

The harmonized index of consumer prices advanced 1.1 percent year-on-year, unchanged from the previous month; and rebounded month-over-month (2.3 percent from -0.3 percent in February).


Istat | Agna Gabriel | agna.gabriel@tradingeconomics.com
4/17/2019 9:32:01 AM



Italy Prices Last Previous Highest Lowest Unit
Inflation Rate 1.00 1.00 25.64 -0.60 percent [+]
Inflation Rate Mom 0.30 0.10 3.50 -2.40 percent [+]
Consumer Price Index CPI 102.80 102.50 103.10 3.60 Index Points [+]
Harmonised Consumer Prices 103.50 101.20 103.70 67.50 Index Points [+]
Core Consumer Prices 101.90 101.60 102.90 69.10 Index Points [+]
Core Inflation Rate 0.40 0.40 3.06 0.20 percent [+]
GDP Deflator 108.94 108.55 108.94 63.97 Index Points [+]
Producer Prices 105.10 105.20 106.60 61.70 Index Points [+]
Producer Prices Change 3.10 3.40 9.20 -7.60 percent [+]
Export Prices 109.20 109.50 109.60 6.00 Index Points [+]
Import Prices 108.70 108.00 111.40 46.50 Index Points [+]
Food Inflation 1.10 1.70 6.26 -1.18 percent [+]
CPI Housing Utilities 106.30 106.30 106.30 56.90 Index Points [+]
CPI Transportation 104.40 103.10 108.90 61.90 Index Points [+]


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 (14 percent); restaurants and hotels (11 percent) and housing, water, electricity and other fuels (11 percent). The index also includes: Miscellaneous goods and services (9 percent); 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 7 percent. 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 - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.00 25.64 -0.60 1962 - 2019 percent Monthly




Country Last Previous
Argentina 54.70 Mar/19
Australia 1.80 Dec/18
Brazil 4.58 Mar/19
Canada 1.90 Mar/19
China 2.30 Mar/19
Euro Area 1.40 Mar/19
France 1.10 Mar/19
Germany 1.30 Mar/19
India 2.86 Mar/19
Indonesia 2.48 Mar/19
Italy 1.00 Mar/19
Japan 0.50 Mar/19
Mexico 4.00 Mar/19
Netherlands 2.80 Mar/19
Russia 5.30 Mar/19
Saudi Arabia -2.20 Feb/19
Singapore 0.50 Feb/19
South Africa 4.50 Mar/19
South Korea 0.40 Mar/19
Spain 1.30 Mar/19
Switzerland 0.70 Mar/19
Turkey 19.71 Mar/19
United Kingdom 1.90 Mar/19
United States 1.90 Mar/19


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