Italy Inflation December 2021

Italy

Italy: Inflation comes in at highest level since August 2008 in December

January 17, 2022

Consumer prices increased 0.38% from the previous month in December, below the 0.57% increase logged in November. December's result marked the weakest reading since September. The softer rise was largely driven by slower growth in prices for food and non-alcoholic beverages. In addition, prices for utilities grew at a more subdued pace.

Inflation came in at 3.9% in December, which was up from November’s 3.7%. December's figure represented the highest inflation rate since August 2008. Annual average inflation rose to 1.9% in December (November: 1.5%). Finally, harmonized inflation rose to 4.2% in December, from the previous month's 3.9%.

FocusEconomics panelists expect harmonized inflation to average 2.2% in 2022, which is up 0.4 percentage points from the previous month’s projection. For 2023, panelists expect harmonized inflation to average 1.3%.


Author:, Junior Economist

Sample Report

Looking for forecasts related to Inflation in Italy? Download a sample report now.

Download

Italy Inflation Chart


Italy Inflation October 2021 3

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


Italy Economic News

More news

Search form