Inflation in Italy
Italy - Harmonized Inflation
Inflation increases in October
Consumer prices rose 0.67% from the previous month in October, swinging from the 0.19% fall logged in September. October's figure marked the highest reading since January. In detail, the uptick was broad-based, with greater price pressures recorded for food and non-alcoholic beverages. In addition, prices for transportation and recreation and culture fell at a softer pace.
Inflation came in at 3.0% in October, which was up from September’s 2.5%. October's result represented the highest inflation rate since September 2012. Meanwhile, the trend pointed up, with annual average inflation coming in at 1.2% in October (September: 0.9%). Lastly, harmonized inflation rose to 3.2% in October, from September’s 2.9%.
FocusEconomics panelists expect harmonized inflation to average 1.6% in 2022, which is up 0.3 percentage points from the previous month’s projection. For 2023, panelists expect harmonized inflation to average 1.3%.
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 16, 2021
Consumer prices rose 0.67% from the previous month in October, swinging from the 0.19% fall logged in September.
November 10, 2021
Industrial output increased 0.1% in month-on-month seasonally-adjusted terms in September, which contrasted August's 0.3% decrease.
November 2, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) came in at 61.1 in October, up from September's 59.7.
October 29, 2021
According to a preliminary reading, GDP growth ticked down to 2.6% in quarter-on-quarter terms in the third quarter, from 2.7% in the second quarter.
October 29, 2021
Consumer prices rose 0.57% from the previous month in October, swinging from the 0.19% drop seen in September.