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.