The annual inflation rate in Italy was revised lower to 0.4 percent in August 2019, compared to a preliminary estimate of 0.5 percent and unchanged from the previous month. That was the lowest inflation rate since November 2016, amid a slowdown in cost of transport. Inflation Rate in Italy averaged 5.97 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 0.40 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 1.00 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
2019-07-31 09:00 AM Inflation Rate YoY Prel Jul 0.5% 0.7% 0.5% 0.7%
2019-08-09 09:00 AM Inflation Rate YoY Final Jul 0.4% 0.7% 0.5% 0.5%
2019-08-30 09:00 AM Inflation Rate YoY Prel Aug 0.5% 0.4% 0.2%
2019-09-16 08:00 AM Inflation Rate YoY Final Aug 0.4% 0.4% 0.5% 0.5%
2019-09-30 09:00 AM Inflation Rate YoY Prel Sep 0.4% 0.5%
2019-10-16 09:00 AM Inflation Rate YoY Final Sep 0.4%
2019-10-31 10:00 AM Inflation Rate YoY Prel Oct 0.5%



Italy August Inflation Rate Revised Slightly Lower

The annual inflation rate in Italy was revised lower to 0.4 percent in August 2019, compared to a preliminary estimate of 0.5 percent and unchanged from the previous month. That was the lowest inflation rate since November 2016, amid a slowdown in cost of transport.

Prices rose at a softer pace for both transport (0.6 percent vs 0.8 percent in July) and restaurants and hotels (1 percent vs 1.1 percent). In addition, housing and utilities deflation was unchanged at 0.3 percent while recreation and culture prices were flat (vs -0.1 percent in July).

Meanwhile, inflation picked up for food and non-alcoholic beverages (0.9 percent vs 0.8 percent), miscellaneous goods and services (1.5 percent vs 1.4 percent), health (0.6 percent vs 0.5 percent), clothing and footwear (0.3 percent vs 0.2 percent), and furnishing and household equipment (0.1 percent vs flat reading).

Annual core inflation rate, which excludes energy and unprocessed food, was unchanged at 0.5 percent in August. Excluding only energy, inflation held steady at 0.6 percent.

On a monthly basis, consumer prices increased 0.4 percent, the same pace as in July and also below the flash estimate of 0.5 percent.

The harmonized index of consumer prices rose 0.5 percent from the previous year (vs 0.3 percent in July); and was flat month-over-month (vs -1.8 percent in July).


Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/16/2019 9:08:43 AM


News

Italy Inflation Rate Ticks Up to 0.5% in August
Italy's annual inflation rate is expected to rise to 0.5 percent in August 2019 from 0.4 percent in the previous month, mainly due to higher prices of food, a preliminary estimate showed.
Published on 2019-08-30

Italy Inflation Rate Revised Lower to Near 3-Year Low
The annual inflation rate in Italy fell to 0.4 percent in July of 2019 from 0.7 percent in the previous month and below preliminary estimates of 0.5 percent. It was the lowest inflation since November of 2016, as a fall in prices of regulated energy products (-5.2 percent from 4.3 percent) was only slightly offset by higher prices of unprocessed food (1.5 percent from 0.7 percent), services related to transport (1.8 percent from 1.5 percent).
Published on 2019-08-09

Italy Inflation Rate Slows to 15-Month Low of 0.5%
The annual inflation rate in Italy is expected to decrease further to 0.5 percent in July of 2019 from 0.7 percent in the previous month and in line with market expectations. It was the lowest inflation rate since February of 2018.
Published on 2019-07-31

Italy Inflation Rate Revised Down to Over 1-Year Low of 0.7%
Italy’s annual inflation rate decreased to 0.7 percent in June of 2019 from 0.8 percent in the previous month and below preliminary estimates of 0.8 percent. It is the lowest inflation rate since April of 2018, as cost slowed for food and non-alcoholic beverages, transport and housing and utilities.
Published on 2019-07-16



Italy Prices Last Previous Highest Lowest Unit
Inflation Rate 0.40 0.40 25.64 -0.60 percent [+]
Inflation Rate Mom 0.40 0.00 3.50 -2.40 percent [+]
Consumer Price Index CPI 103.50 103.10 103.50 3.60 Index Points [+]
Harmonised Consumer Prices 102.30 102.30 104.20 67.50 Index Points [+]
Core Consumer Prices 103.50 102.90 103.50 69.10 Index Points [+]
Core Inflation Rate 0.50 0.50 3.06 0.20 percent [+]
GDP Deflator 109.58 109.48 109.58 63.97 Index Points [+]
Producer Prices 103.70 103.70 106.60 61.70 Index Points [+]
Producer Prices Change -0.50 0.90 9.20 -7.60 percent [+]
Export Prices 111.50 112.20 112.20 6.00 Index Points [+]
Import Prices 107.10 108.80 111.40 46.50 Index Points [+]
Food Inflation 0.90 0.80 6.26 -1.18 percent [+]
CPI Housing Utilities 102.40 102.30 106.30 56.90 Index Points [+]
CPI Transportation 109.50 107.20 109.50 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.40 25.64 -0.60 1962 - 2019 percent Monthly




Country Last Previous
Argentina 53.60 Aug/19
Australia 1.60 Jun/19
Brazil 3.43 Aug/19
Canada 2.00 Jul/19
China 2.80 Aug/19
Euro Area 1.00 Aug/19
France 1.00 Aug/19
Germany 1.40 Aug/19
India 3.21 Aug/19
Indonesia 3.49 Aug/19
Italy 0.40 Aug/19
Japan 0.50 Jul/19
Mexico 3.16 Aug/19
Netherlands 2.80 Aug/19
Russia 4.30 Aug/19
Saudi Arabia -1.30 Jul/19
Singapore 0.40 Jul/19
South Africa 4.00 Jul/19
South Korea 0.00 Aug/19
Spain 0.30 Aug/19
Switzerland 0.30 Aug/19
Turkey 15.01 Aug/19
United Kingdom 2.10 Jul/19
United States 1.70 Aug/19


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