Italy Inflation September 2021


Italy: Inflation comes in at highest level in 9 years in September

September 30, 2021

Consumer prices dropped 0.10% in September over the previous month, swinging from August's 0.38% rise. September's result marked the weakest reading since November 2020. The decline was broad-based, with reduced price pressures recorded for food and non-alcoholic beverages, transportation, and recreation and culture. In addition, prices for utilities halted after growing in the previous month.

Inflation rose to 2.6% in September from August’s 2.0%. September's figure marked the highest inflation rate since September 2012. Annual average inflation rose to 0.9% in September (August: 0.7%). Lastly, harmonized inflation rose to 3.0% in September, from the previous month's 2.5%.

FocusEconomics panelists expect harmonized inflation to average 1.5% in 2021, which is up 0.1 percentage points from the previous month’s projection. For 2022, panelists expect harmonized inflation to average 1.3%, which is also up 0.1 percentage points from last month’s estimate.

Author:, Junior Economist

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Italy Inflation Chart

Italy Inflation September 2021

Note: Year-on-year and month-on-month var. of consumer price index in %.
Source: National Statistical Institute (Istat).

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