Inflation in Italy
Italy - Harmonized Inflation
Harmonized inflation comes in at highest level since our records began
Harmonized inflation came in at 12.5% in October, which was up from September’s 9.4%. October's reading marked the highest inflation rate since our current records began. The acceleration was primarily driven by rising prices for food and non-alcoholic beverages. In addition, price pressures for housing and utilities grew at a faster rate.
Annual average harmonized inflation rose to 7.3% in October (September: 6.6%). Meanwhile, consumer price inflation rose to 11.8% in October, from September’s 8.9%.
Finally, harmonized consumer prices increased 3.77% over the previous month in October, picking up from September's 1.62% rise.
FocusEconomics panelists expect harmonized inflation to average 5.4% in 2023, which is unchanged rom the previous month’s projection. For 2024, panelists expect harmonized inflation to average 2.0%.
Italy - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||0.1||-0.1||1.3||1.3||0.6|
5 years of economic forecasts for more than 30 economic indicators.
Italy Harmonized Inflation Chart
Source: National Statistical Institute (ISTAT) and FocusEconomics calculations.
|Bond Yield||1.31||-0.40 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 25, 2022
Business confidence came in at 104.7 in November, up from October's 106.4.
November 25, 2022
Consumer confidence jumped to 98.1 in November from October's 90.1.
November 22, 2022
Industrial output slid 1.8% in month-on-month seasonally-adjusted terms in September, which contrasted August's 2.3% increase.
November 18, 2022
Harmonized inflation came in at 12.5% in October, which was up from September’s 9.4%.
November 2, 2022
According to a preliminary estimate, GDP expanded 0.5% in Q3 in quarter-on-quarter seasonally adjusted terms, down from the 1.1% expansion recorded in the second quarter but beating market expectations.