The annual inflation rate in Italy likely accelerated to 3.8 percent in November of 2021 from 3 percent in the previous month, surpassing market forecasts of 3.2 percent. It was the highest reading since September of 2008, as prices soared for energy products (30.7 percent vs 24.9 percent in October), especially non-regulated energy products (24.3 percent vs 15 percent). Additional upward pressure should come from processed food (1.7 percent vs 1 percent) and services related to transportation (3.6 percent vs 2.4 percent). The annual core inflation rate, which excludes energy and unprocessed food, edged up to 1.4 percent from 1.1 percent in October. On a monthly basis, inflation is likely 0.7 percent in November, remaining constant from the previous month. Meanwhile, the harmonized index likely rose 4 percent on the year and 0.8 percent on the month. source: National Institute of Statistics (ISTAT)

Inflation Rate in Italy averaged 5.77 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 December of 2021.

Inflation Rate in Italy is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Inflation Rate is projected to trend around 1.20 percent in 2022 and 1.80 percent in 2023, according to our econometric models.

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Italy Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-11-16 09:00 AM Inflation Rate YoY Final Oct 3% 2.5% 2.9% 2.9%
2021-11-30 10:00 AM Inflation Rate YoY Prel Nov 3.8% 3% 3.2% 3.2%
2021-12-15 09:00 AM Inflation Rate YoY Final Nov 3% 3.8%


Related Last Previous Unit Reference
Inflation Rate 3.80 3.00 percent Nov/21
Inflation Rate Mom 0.70 0.70 percent Nov/21
Harmonised Consumer Prices 107.40 106.60 points Nov/21
Consumer Price Index CPI 106.30 105.50 points Nov/21
Core Inflation Rate 1.40 1.10 percent Nov/21
Core Consumer Prices 103.90 103.80 points Nov/21
GDP Deflator 106.13 106.07 points Sep/21
Producer Prices 121.40 113.40 points Oct/21
Producer Prices Change 20.40 13.30 percent Oct/21
Export Prices 120.00 120.50 points Sep/21
Import Prices 116.30 115.40 points Sep/21
Food Inflation 1.70 1.10 percent Nov/21
CPI Transportation 111.50 110.20 points Nov/21
CPI Housing Utilities 115.60 111.10 points Nov/21

News Stream
Italy Inflation Rate at Over 13-Year High
The annual inflation rate in Italy likely accelerated to 3.8 percent in November of 2021 from 3 percent in the previous month, surpassing market forecasts of 3.2 percent. It was the highest reading since September of 2008, as prices soared for energy products (30.7 percent vs 24.9 percent in October), especially non-regulated energy products (24.3 percent vs 15 percent). Additional upward pressure should come from processed food (1.7 percent vs 1 percent) and services related to transportation (3.6 percent vs 2.4 percent). The annual core inflation rate, which excludes energy and unprocessed food, edged up to 1.4 percent from 1.1 percent in October. On a monthly basis, inflation is likely 0.7 percent in November, remaining constant from the previous month. Meanwhile, the harmonized index likely rose 4 percent on the year and 0.8 percent on the month.
2021-11-30
Italy Inflation Rate at Over 9-Year High
The annual inflation rate in Italy accelerated to 3 percent in October of 2021 from 2.5 percent in the previous month and above preliminary estimates of 2.9 percent. It was the highest reading since September of 2012, driven by soaring prices of energy (24.9 percent vs 20.2 percent in September), namely regulated energy products (42.3 percent vs 34.3 percent). In addition, prices accelerated for services related to transportation (2.4 percent vs 2 percent), while inflation slowed for housing and utilities (0.5 percent vs 0.7 percent) and remained unchanged for food and non-alcoholic beverages (at 1 percent). On a monthly basis, consumer prices rose 0.7 percent from a 0.2 percent decrease in September, higher than market expectations of a 0.6 percent raise. Meanwhile, the harmonized index advanced 3.2 percent on the year and 0.9 percent on the month.
2021-11-16
Italy Inflation Rate at Over 9-Year High
The annual inflation rate in Italy likely accelerated to 2.9 percent in October of 2021 from 2.5 percent in the previous month and above market forecasts of 2.6 percent. It was the highest reading since September of 2012, as prices soared for energy products (22.9 percent vs 20.2 percent in September). Additional upward pressure should come from prices of processed food (1.4 percent vs 1 percent) and services related to transport (2.4 percent vs 2 percent). The annual core inflation rate, which excludes energy and unprocessed food, edged up to 1.2 percent from 1 percent in September. On a monthly basis, consumer prices are expected to rise 0.6 percent in October, compared to the 0.2 percent decrease in the previous month and higher than market expectations of 0.4 percent. Meanwhile, the harmonized index likely rose 3.1 percent on the year and 0.8 percent on the month.
2021-10-29

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.