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.

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Italy Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.40 25.64 -0.60 1962 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-18 09:00 AM Inflation Rate YoY Final Dec -0.2% -0.2% -0.1% -0.1%
2021-02-03 10:00 AM Inflation Rate YoY Prel Jan 0.2% -0.2% -0.1% -0.4%
2021-02-19 09:00 AM Inflation Rate YoY Final Jan 0.4% -0.2% 0.2% 0.2%
2021-03-01 10:00 AM Inflation Rate YoY Prel Feb 0.6% 0.4% 0.5%
2021-03-16 09:00 AM Inflation Rate YoY Final Feb 0.4% 0.6% 0.6%
2021-03-31 09:00 AM Inflation Rate YoY Prel Mar
2021-04-15 08:00 AM Inflation Rate YoY Final Mar
2021-04-30 09:00 AM Inflation Rate YoY Prel Apr


News Stream
Italy Inflation Rate Picks Up to 20-Month High in February
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.
2021-03-01
Italy CPI Rises More than Initially Thought in January
Italy's consumer prices went up 0.4 percent from a year earlier in January of 2021, following a 0.2 percent drop in the previous month and slightly above a preliminary estimate of a 0.2 percent rise. It was the first increase in consumer prices since March. Main upward pressure came from prices of recreation & culture (1.4 percent vs 0.7 percent in December) and restaurants & hotels (1.2 percent vs 0.8 percent). At the same time, costs fell at a softer pace for transport (-1.8 percent vs -2.8 percent) and communication (-3.9 percent vs -5.1 percent). On a monthly basis, consumer prices rose 0.7 percent, following a 0.2 percent rise in December and above a preliminary estimate of 0.5 percent.
2021-02-19
Italy Consumer Prices Rise for 1st Time in 10 Months
Consumer prices in Italy increased 0.2 percent year-on-year in January of 2021, after a 0.2 percent fall in the previous month and compared to market forecasts of a 0.1 percent drop, preliminary estimates showed. It is the first rise in consumer prices since March, mainly due to the lower decreases of prices of energy (-7.7 percent vs -5.5 percent), either of regulated energy products (-3.6 percent vs -7 percent) and of non-regulated energy products (-6.3 percent vs -8.1 percent), and, to a lower extent, to prices of services related to transport (-0.1 percent vs -0.7 percent). On a monthly basis, inflation increased to 0.5 percent from 0.2 percent. The harmonized index went up 0.5 percent year-on-year and declined 1.1 percent month-over-month.
2021-02-03
Italy CPI Falls More than Initially Thought in December
Italy's consumer prices fell 0.2 percent from a year earlier in December 2020, the same pace as in the previous month and compared with a preliminary estimate of a 0.1 percent drop. That was the eight consecutive month of price decline, led by lower cost for transport (-2.8 percent vs -3.7 percent in November), and housing and utilities (-2.0 percent, the same as in November). At the same time, prices increased at a softer pace for both food and non-alcoholic beverages (0.8 percent vs 1.3 percent) and clothing and footwear (0.6 percent vs 0.7 percent, while inflation was unchanged for restaurants and hotels (at 0.8 percent) and miscellaneous goods and services (at 1.9 percent). On a monthly basis, consumer prices rose 0.2 percent in December.
2021-01-18

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.