Inflation in Italy

Italy Harmonized Inflation | Economic News & Forecasts

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

2015   2016   2017   2018   2019  
Inflation Rate (HICP, annual variation in %)0.1  -0.1  1.3  1.3  0.6  

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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

Value Change Date
Bond Yield1.31-0.40 %Jan 01
Exchange Rate1.120.65 %Dec 31

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