Inflation in Italy
Italy - Harmonized Inflation
Inflation comes in at highest level since 1986 in June
Consumer prices rose 1.17% in June over the previous month, picking up from May's 0.82% increase. June's result was the highest reading since January. Looking at the details of the release, the acceleration was largely due to faster price rises for non-regulated energy products and transport.
Inflation came in at 8.0% in June, up from May’s 6.8%. June's reading marked the highest inflation rate since 1986. Meanwhile, the trend pointed up, with annual average inflation coming in at 4.6% in June (May: 4.0%). Finally, harmonized inflation rose to 8.5% in June, from the previous month's 7.3%.
FocusEconomics panelists expect harmonized inflation to average 6.7% in 2022, which is up 0.4 percentage points from the previous month’s projection. For 2023, panelists expect harmonized inflation to average 2.9%.
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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