Italy Inflation August 2021

Italy

Italy: Inflation comes in at the highest level since January 2013 in August

August 31, 2021

Consumer prices rose 0.48% in August over the previous month, matching July's reading. Looking at the details of the release, prices for food and non-alcoholic beverages rose in August. Meanwhile, transportation, and recreation and culture prices accelerated.

Inflation came in at 2.1% in August, which was up from July’s 1.9%. August's result represented the highest inflation rate since January 2013. Annual average inflation ticked up to 0.7% in August (July: 0.5%). Lastly, harmonized inflation rose to 2.6% in August, from the previous month's 1.0%.

FocusEconomics panelists expect harmonized inflation to average 1.4% in 2021, which is unchanged from the previous month’s projection. For 2022, panelists expect harmonized inflation to average 1.2%.


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Italy Inflation August 2021

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


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