Italy Inflation December 2019


Italy: Inflation rises in December

January 7, 2020

Consumer prices rose 0.2% month-on-month in December, contrasting November’s 0.2% dip, according to preliminary data released by the National Statistical Institute (ISTAT) on 7 January. The figure mainly reflected higher prices for services related to transport and recreation—influenced by seasonal factors—and for unprocessed food. Meanwhile, inflation accelerated from 0.2% in November to 0.5% in the last month of the year.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, increased 0.2% from the previous month in December, contrasting November’s 0.4% decline. Meanwhile, core inflation was stable at November’s 0.7%, and harmonized inflation grew from November’s 0.2% to 0.5%.

The Central Bank expects harmonized inflation of 0.9% in 2020 and 1.4% in 2021. FocusEconomics panelists also expect harmonized inflation to average 0.9% in 2020, which is down 0.1 percentage points from the previous month’s projection. For 2021, panelists expect harmonized inflation to average 1.2%.

Author: Massimo Bassetti, Economist

Sample Report

Looking for forecasts related to Inflation in Italy? Download a sample report now.


Italy Inflation Chart

Italy Inflation December 2019

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

Italy Economic News

More news

Search form