Consumer prices in Italy are expected to fall 0.3 percent year-on-year in July 2020, following a 0.2 percent decrease in the previous month and compared with market expectations of a 0.1 percent drop, a preliminary estimate showed. Prices continued to fall for transport (-3.3% vs -3.7% in June); housing & utilities (-3.6% vs -4.4%), of which regulated (-12 percent vs -14.1 percent in June) and non-regulated energy products (-9 percent vs -11.2 percent); communication (-4.2% vs -3%); and restaurants & hotels (-0.2%, the same as in June). Also, cost eased for food & non-alcoholic beverages (1.6% vs 2.4%); and miscellaneous goods & services (1.6% vs 1.7%). The annual core inflation rate, which excludes energy and unprocessed food is set to decrease to 0.7 percent from 0.9 percent in June. On a monthly basis, consumer prices are likely to decline 0.1 percent, after a 0.1 percent gain in the prior month.
Inflation Rate in Italy averaged 5.88 percent from 1962 until 2020, 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 August of 2020. source: National Institute of Statistics (ISTAT)
Inflation Rate in Italy is expected to be -0.70 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 0.60 in 12 months time. In the long-term, the Italy Inflation Rate is projected to trend around 1.10 percent in 2021 and 1.40 percent in 2022, according to our econometric models.