Inflation in Italy

Italy Harmonized Inflation (eop) | Economic News & Forecasts

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  

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Italy Harmonized Inflation (eop) 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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