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.