The annual inflation rate in Italy increased to 1.3 percent in May of 2021 from 1.1 percent in the previous month, a preliminary estimate showed. It was the highest inflation since November 2018, mainly due to the prices of energy products (13.8 percent vs 9.8 percent in April), in particular to the prices of non-regulated energy products (12.6 percent vs 6.6 percent). Meantime, cost of regulated energy products surged 16.8 percent, the same as in the prior month, while those of services related to recreation, including repair and personal care decreased 0.1 percent, after rising 0.7 percent. The annual core inflation rate, which excludes energy and unprocessed food, was unchanged at 0.3 percent. Excluding only energy, inflation slowed to 0.2 percent from 0.3 percent. On a monthly basis, consumer prices showed no growth in May. source: National Institute of Statistics (ISTAT)

Inflation Rate in Italy averaged 5.80 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 June of 2021.

Inflation Rate in Italy is expected to be 1.50 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 1.40 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.

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Italy Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.10 25.64 -0.60 1962 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
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 1.1% 0.8% 1% 1.2%
2021-05-17 08:00 AM Inflation Rate YoY Final Apr 1.1% 0.8% 1.1% 1.1%
2021-05-31 09:00 AM Inflation Rate YoY Prel May 1.3% 1.1% 1.5%
2021-06-15 08:00 AM Inflation Rate YoY Final May 1.1% 1.3% 1.3%
2021-06-30 09:00 AM Inflation Rate YoY Prel Jun
2021-07-15 08:00 AM Inflation Rate YoY Final Jun
2021-07-30 09:00 AM Inflation Rate YoY Prel Jul
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Italy Inflation Rate Accelerates to 2-1/2-Year High of 1.3% in May
The annual inflation rate in Italy increased to 1.3 percent in May of 2021 from 1.1 percent in the previous month, a preliminary estimate showed. It was the highest inflation since November 2018, mainly due to the prices of energy products (13.8 percent vs 9.8 percent in April), in particular to the prices of non-regulated energy products (12.6 percent vs 6.6 percent). Meantime, cost of regulated energy products surged 16.8 percent, the same as in the prior month, while those of services related to recreation, including repair and personal care decreased 0.1 percent, after rising 0.7 percent. The annual core inflation rate, which excludes energy and unprocessed food, was unchanged at 0.3 percent. Excluding only energy, inflation slowed to 0.2 percent from 0.3 percent. On a monthly basis, consumer prices showed no growth in May.
2021-05-31
Italy Inflation Rate Confirmed at 2-Year High
The annual inflation rate in Italy increased to 1.1 percent in April of 2021 from 0.8 percent in the previous month, in line with preliminary estimates. It was the highest inflation since April of 2019, mainly due to a faster rise in prices of energy (9.8 percent vs 0.4 percent) due to both regulated (16.8 percent vs -2.2 percent) and non-regulated energy products (6.6 percent vs 1.7 percent). On the other hand, cost fell for unprocessed food (-0.3 percent vs 1 percent) and services related to transport (-0.7 percent vs 2.2 percent). Both the annual core inflation rate, which excludes energy and unprocessed food, and inflation excluding only energy slowed to 0.3 percent from 0.8 percent in the previous month. On a monthly basis, consumer prices went up 0.4 percent, following a 0.3 percent gain in March.
2021-05-17
Italy Inflation Rises to 2-Year High
The annual inflation rate in Italy increased to 1.1 percent in April of 2021 from 0.8 percent in the previous month and slightly above market expectations of 1.0 percent, a preliminary estimate showed. It was the highest inflation since April of 2019, mainly due to a rebound in prices of regulated energy products (15.7 percent vs -2.2 percent in March) and a faster rise in non-regulated energy products (6.6 percent vs 1.7 percent). However, the upside momentum was offset by falling prices in services related to transport (-0.7 percent vs 2.2 percent) and unprocessed food (-0.3 percent vs 1.0 percent). Both the annual core inflation rate, which excludes energy and unprocessed food, and inflation excluding only energy slowed to 0.3 percent (from 0.8 percent in the previous month). On a monthly basis, consumer prices went up 0.4 percent, following a 0.3 percent gain in March.
2021-04-30
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
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.