Consumer prices in Italy are expected to fall 0.3 percent year-on-year in July 2020, following a 0.2 percent decrease in the previous month and compared with market expectations of a 0.1 percent drop, a preliminary estimate showed. Prices continued to fall for transport (-3.3% vs -3.7% in June); housing & utilities (-3.6% vs -4.4%), of which regulated (-12 percent vs -14.1 percent in June) and non-regulated energy products (-9 percent vs -11.2 percent); communication (-4.2% vs -3%); and restaurants & hotels (-0.2%, the same as in June). Also, cost eased for food & non-alcoholic beverages (1.6% vs 2.4%); and miscellaneous goods & services (1.6% vs 1.7%). The annual core inflation rate, which excludes energy and unprocessed food is set to decrease to 0.7 percent from 0.9 percent in June. On a monthly basis, consumer prices are likely to decline 0.1 percent, after a 0.1 percent gain in the prior month.

Inflation Rate in Italy averaged 5.88 percent from 1962 until 2020, 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 August of 2020. source: National Institute of Statistics (ISTAT)

Inflation Rate in Italy is expected to be -0.70 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 0.60 in 12 months time. In the long-term, the Italy Inflation Rate is projected to trend around 1.10 percent in 2021 and 1.40 percent in 2022, according to our econometric models.

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Italy Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 -0.20 25.64 -0.60 1962 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-15 08:00 AM Inflation Rate YoY Final May -0.2% 0% -0.1% -0.1%
2020-06-30 09:00 AM Inflation Rate YoY Prel Jun -0.2% -0.2% -0.2% -0.6%
2020-07-15 08:00 AM Inflation Rate YoY Final Jun -0.2% -0.2% -0.2% -0.2%
2020-07-31 09:00 AM Inflation Rate YoY Prel Jul -0.3% -0.2% -0.1% -0.3%
2020-08-12 08:00 AM Inflation Rate YoY Final Jul -0.2% -0.3% -0.3%
2020-08-31 09:00 AM Inflation Rate YoY Prel Aug
2020-09-15 08:00 AM Inflation Rate YoY Final Aug
2020-09-30 09:00 AM Inflation Rate YoY Prel Sep -0.7%


News Stream
Italy Consumer Prices Fall for 3rd Month
Consumer prices in Italy are expected to fall 0.3 percent year-on-year in July 2020, following a 0.2 percent decrease in the previous month and compared with market expectations of a 0.1 percent drop, a preliminary estimate showed. Prices continued to fall for transport (-3.3% vs -3.7% in June); housing & utilities (-3.6% vs -4.4%), of which regulated (-12 percent vs -14.1 percent in June) and non-regulated energy products (-9 percent vs -11.2 percent); communication (-4.2% vs -3%); and restaurants & hotels (-0.2%, the same as in June). Also, cost eased for food & non-alcoholic beverages (1.6% vs 2.4%); and miscellaneous goods & services (1.6% vs 1.7%). The annual core inflation rate, which excludes energy and unprocessed food is set to decrease to 0.7 percent from 0.9 percent in June. On a monthly basis, consumer prices are likely to decline 0.1 percent, after a 0.1 percent gain in the prior month.
2020-07-31
Italy Consumer Price Deflation Confirmed for 2nd Month
Consumer prices in Italy decreased 0.2% year-on-year in June of 2020, the same as in the previous month and in line with preliminary estimates. Prices fell further for transport (-3.7% vs -4.1%), in particular services related to transport (-0.1% vs -0.2%); housing & utilities (-4.4%, the same as in May), namely regulated energy (-14.1% vs -14%) and non-regulated energy products (-11.2% vs -12.2%); and communication (-3% vs -3.8%). In addition, prices dropped for restaurants & hotels (-0.2% vs 0.9%). Meantime, cost slowed for food & non-alcoholic beverages (2.4% vs 2.6%); furnishing & household equipment (0.7% vs 0.8%) and alcoholic beverages & tobacco (2% vs 2.4%). On the other hand, priced advanced faster for miscellaneous goods & services (1.7% vs 1.6%); health (0.6% vs 0.5%) and clothing & footwear (0.9% vs 0.8%). On a monthly basis, consumer prices showed no growth, after a 0.2% decline in April.
2020-07-15
Italy Consumer Prices Fall for 2nd Month
Consumer prices in Italy are expected to decrease 0.2 percent year-on-year in June of 2020, the same as in the previous month and in line with market expectations, a preliminary estimate showed. Prices fell further for both regulated (-14.1 percent vs -14 percent in May) and non-regulated energy products (-11.2 percent vs -12.2 percent). Also, cost slowed for processed food including alcohol (1.5 percent vs 1.7 percent) while inflation was steady for tobacco (at 3 percent). On the other hand, prices advanced faster for unprocessed food (4.1 percent vs 3.7 percent). The annual core inflation rate, which excludes energy and unprocessed food is set to decrease to 0.7 percent from 0.8 percent in the prior month. On a monthly basis, consumer prices are likely to increase 0.1 percent, up from a 0.2 percent drop in May.
2020-06-30
Italy Consumer Prices Fall Faster than Expected
Consumer prices in Italy decreased 0.2% year-on-year in May of 2020, compared to earlier estimates of a 0.1% fall and after showing no growth in the previous month. It was the first fall in consumer prices since October of 2016, as prices fell faster for transport (-4.1% vs -2.5% in April); housing & utilities (-4.4% vs -4.2%); recreation & culture (-0.2% vs -0.1%) and communication (-3.8% vs -3.4%). Also, cost slowed for food & non-alcoholic beverages (2.6% vs 2.8%); restaurant & hotels (0.9% vs 1%); health (0.5% vs 0.6%) and clothing & footwear (0.8% vs 0.9%). Meantime, inflation was steady for furnishing & household equipment (at 0.8%) and education (at 1.2%) while prices advanced faster for miscellaneous goods & services (1.6% vs 1.4%) and alcoholic beverages & tobacco (2.4% vs 2.3%). On a monthly basis, consumer prices went down 0.2%, after a 0.1% decline in April.
2020-06-15

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.