Italy Inflation February 2021

Italy

Italy: Inflation hits highest level since June 2019 in February

March 16, 2021

Consumer prices rose 0.10% in February over the previous month, which was below the 0.68% increase recorded in January. The cooling of price pressures was primarily due to falling prices for food and non-alcoholic beverages. In addition, price pressures for transportation also grew at a softer rate.

Inflation edged up to 0.6% in February, above January’s 0.4%, marking the highest reading since June 2019. Meanwhile, the trend was unchanged with the annual average variation of consumer prices coming in at January's minus 0.1% in February. Lastly, core inflation ticked up to 0.9% from January’s 0.8%, while harmonized inflation clocked in at 1.0% (January: 0.7%), which marked the highest result since April 2019.

FocusEconomics panelists expect harmonized inflation to average 0.7% in 2021, which is up 0.2 percentage points from the previous month’s projection. For 2022, panelists expect harmonized inflation to average 1.0%.


Author:, Economist

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Italy Inflation February 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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