Inflation in Italy
Italy - Harmonized Inflation (end of period)
Inflation falls in December on slowing energy prices
According to a second estimate released by the National Statistical Institute (ISTAT) on 16 January, consumer prices dropped 0.1% month-on-month in December, a softer drop than November’s 0.2% decline. The figure confirmed the preliminary estimate and reflected a drop in prices for non-regulated energy products and processed food, only partially offset by higher prices for services related to transport. Meanwhile, inflation came in at 1.1% in December, well below November’s 1.6% print, and the lowest print since May.
Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, rose 0.2% month-on-month in December, contrasting November’s 0.4% decline. Meanwhile, core inflation inched down to 0.6% in December from November’s 0.7%, and harmonized inflation decreased to 1.2% from November’s 1.6%.
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 (eop) Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (HICP, annual variation in %, eop) | 0.7 | -0.1 | 0.1 | 0.6 | 1.0 |
Italy Harmonized Inflation (eop) Chart
Source: National Statistical Institute (ISTAT) and FocusEconomics calculations.
Italy Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.76 | -0.40 % | Jan 16 |
| Exchange Rate | 1.14 | 0.65 % | Jan 16 |
| Stock Market | 19,478 | -0.99 % | Jan 16 |
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Economic News
Italy: Industrial production contracts notably in November
January 11, 2019
Industrial output contracted 1.6% in November on a month-on-month, seasonally-adjusted basis, following October’s revised 0.1% contraction (previously reported: +0.1% month-on-month).
Italy: Inflation falls in December on slowing energy prices
January 4, 2019
According to a second estimate released by the National Statistical Institute (ISTAT) on 16 January, consumer prices dropped 0.1% month-on-month in December, a softer drop than November’s 0.2% decline.
Italy: Manufacturing sector continues to contract in December
January 2, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) inched up to 49.2 in December from November’s near four-year low of 48.6.
Italy: Business confidence declines for the sixth consecutive month in December
December 21, 2018
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—edged down to 99.8 points in December from November’s revised 101.0 points (previously reported: 101.1 points), marking the worst reading in two years. December’s reading was the result of a deterioration in sentiment in the manufacturing, construction and market services sectors, which more than offset improved sentiment in the retail trade sector.
Italy: Consumer confidence at over one-year low in December
December 21, 2018
The consumer confidence index released by the National Institute of Statistics (ISTAT) declined to 113.1 points in December from November’s revised 114.7 points (previously reported: 114.8 points), marking the worst result since August 2017. Consumers’ expectations of the future general economic situation and their assessments on the current general economic situation deteriorated, likely due to concerns about the recent turbulence in the financial markets, the contraction of the economy in the third quarter and the negative effects of the 2019 budget.
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