Skyline of Florence, Italy

Italy Inflation March 2023

Italy: Harmonized inflation declines to lowest level since May 2022 in March

Harmonized inflation came in at 8.0% in March, which was down from February’s 9.9%. March’s figure represented the weakest inflation rate since May 2022. Looking at the details of the release, the change in prices for food and non-alcoholic beverages increased at a weaker rate in March. Prices for transportation grew at a more moderate pace. Meanwhile, housing and utilities price growth softened.

Annual average harmonized inflation ticked up to 9.6% in March (February: 9.5%). Meanwhile, consumer price inflation fell to 7.6% in March, from February’s 9.1%.

Lastly, harmonized consumer prices rose 0.77% in March over the previous month, picking up from the 0.07% rise logged in February. March’s figure was the sharpest increase in prices since October 2022.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest