Italy Inflation October 2021

Italy

Italy: Inflation comes in at highest level since September 2012 in October

October 29, 2021

Consumer prices rose 0.57% from the previous month in October, swinging from the 0.19% drop seen in September. October's figure marked the highest reading since January. The rebound was broad-based, with greater price pressures recorded for food and non-alcoholic beverages, transportation, and recreation and culture. Notably, energy prices also increased at a solid rate, driving up the print.

Inflation came in at 2.9% in October, which was up from September’s 2.5%. October's reading was the highest inflation rate since September 2012. Annual average inflation rose to 1.2% in October (September: 0.9%). Lastly, harmonized inflation ticked up to 3.1% in October, from September’s 2.9%.

FocusEconomics panelists expect harmonized inflation to average 1.7% in 2022, which is up 0.2 percentage points from the previous month’s projection. For 2023, panelists expect harmonized inflation to average 1.6%.


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Italy Inflation October 2021

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


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