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. 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 November 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.