Inflation in Italy

Italy Harmonized Inflation | Economic News & Forecasts

Italy - Harmonized Inflation

Inflation at close to three-year low in September

Consumer prices fell a revised 0.6% month-on-month in September (previously reported: -0.5% month-on-month), contrasting August’s 0.4% increase, according to revised data released by the National Statistical Institute (ISTAT) on 16 October. The figure mainly reflected lower prices for services related to transport, influenced by seasonal factors. Meanwhile, inflation dipped to 0.3% (previously reported: 0.4%) from August’s 0.4%, marking the lowest reading since November 2016.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, dropped 0.6% from the previous month in September, swinging from August’s 0.5% increase. Meanwhile, core inflation inched up from August’s 0.5% to 0.6%, while harmonized inflation fell to 0.2% from August’s 0.5%.

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 Yield0.82-0.40 %Sep 04
Exchange Rate1.100.65 %Sep 04
Stock Market21,738-0.99 %Sep 04

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Economic News

  • Italy: Inflation at close to three-year low in September

    October 16, 2019

    Consumer prices fell a revised 0.6% month-on-month in September (previously reported: -0.5% month-on-month), contrasting August’s 0.4% increase, according to revised data released by the National Statistical Institute (ISTAT) on 16 October.

    Read more

  • Italy: Industrial production rebounds mildly in August

    October 10, 2019

    Industrial output rose 0.3% in August on a month-on-month, seasonally-adjusted basis, following July’s revised 0.8% drop (previously reported: -0.7% month-on-month).

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  • Italy: Sharper deterioration in manufacturing conditions in September

    October 1, 2019

    The IHS Markit manufacturing Purchasing Managers’ Index (PMI) fell to 47.8 in September from 48.7 in August.

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  • Italy: Inflation stable in September

    September 30, 2019

    Consumer prices fell 0.5% month-on-month in September, contrasting August’s 0.4% increase, according to provisional data released by the National Statistical Institute (ISTAT) on 30 September.

    Read more

  • Italy: Business sentiment weakens further in September

    September 27, 2019

    The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, market services and retail sectors—fell to 98.5 in September from August’s 98.9. September’s reading came on the back of worsening confidence in the manufacturing and retail trade sectors, which more than offset stronger sentiment in the construction and market services sectors.

    Read more

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