Italy Inflation September 2021


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

October 15, 2021

Consumer prices dropped 0.19% in September over the previous month, swinging from August's 0.38% rise. September's result marked the weakest reading since November 2020. Looking at the details of the release, recreation and culture and transportation prices dropped in September compared to the previous month. In addition, prices pressures for utilities eased.

Inflation rose to 2.5% in September, above August’s 2.0%. September's result represented the highest inflation rate since September 2012. Annual average inflation rose to 0.9% in September (August: 0.7%). Finally, harmonized inflation rose to 2.9% in September, from August’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 forecast.


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Italy Inflation Chart

Italy Inflation September 2021 0

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

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