Inflation in Italy

Italy Harmonized Inflation | Economic News & Forecasts

Italy - Harmonized Inflation

Inflation ticks up in February on higher food prices

According to revised data released by the National Statistical Institute (ISTAT) on 15 March, consumer prices rose a revised 0.1% month-on-month in February (previously reported: +0.2% month-on-month), matching January’s increase. The figure reflected higher prices for unprocessed food, tobacco and non-regulated energy products, which more than offset lower prices for services related to communication. Meanwhile, inflation came in at a revised 1.0% in February (previously reported: +1.1%), slightly above January’s 0.9% print.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, remained unchanged from the previous month in February, mirroring January’s flat reading. Meanwhile, core inflation inched down from January’s 0.5% to 0.4% in February—the lowest print in over one year—and harmonized inflation increased to 1.1% from January’s 0.9%.

FocusEconomics Consensus Forecast panelists expect inflation of 1.5% in 2019, which is unchanged from last month’s projection. For 2020, panelists expect inflation to average 1.7%.

Italy - Harmonized Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (HICP, annual variation in %)1.3  0.2  0.1  -0.1  1.3  

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Italy Harmonized Inflation Chart


Italy Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: National Statistical Institute (ISTAT) and FocusEconomics calculations.

Italy Facts

ValueChangeDate
Bond Yield2.53-0.40 %Mar 20
Exchange Rate1.140.65 %Mar 20
Stock Market21,330-0.99 %Mar 20

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