The annual inflation rate in Italy increased to 0.6 percent in February of 2021 from 0.4 percent in the previous month, preliminary estimates showed. It is the biggest gain in consumer prices since June of 2019. Prices of services related to transport rose 1 percent, rebounding from a 0.1 percent decrease in January; and cost of non-regulated energy products fell 3.6 percent, much less than a 6.3 percent decline in the prior month. The annual core inflation rate, which excludes energy and unprocessed food picked up to 1 percent from 0.8 percent in January. Excluding only energy, inflation climbed to 0.9 percent from 0.8 percent. On a monthly basis, consumer prices went up 0.1 percent, following a 0.7 percent advance in January. source: National Institute of Statistics (ISTAT)
Inflation Rate in Italy averaged 5.82 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 March of 2021.
Inflation Rate in Italy is expected to be 0.50 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 1.10 in 12 months time. In the long-term, the Italy Inflation Rate is projected to trend around 1.40 percent in 2022, according to our econometric models.