Inflation in Italy

Italy - Harmonized Inflation (end of period)
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 (eop) Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Inflation Rate (HICP, annual variation in %, eop) | 0.1 | 0.6 | 1.0 | 1.2 | 0.4 |
Italy Harmonized Inflation (eop) Chart

Source: National Statistical Institute (ISTAT) and FocusEconomics calculations.
Italy Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 1.31 | -0.40 % | Jan 01 |
Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Consumer confidence fell to 94.8 in July from June's 98.3.
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