Inflation in Italy
Italy - Harmonized Inflation (end of period)
Pace of decline in annual prices stable in June
Consumer prices inched up 0.1% month-on-month in June, contrasting May’s 0.2% dip, according to preliminary data released by the National Statistical Institute (ISTAT). The figure mainly reflected a sizable increase in prices of services related to transport, which were affected by seasonal factors.
Meanwhile, prices were 0.2% lower from the same month of the previous year, matching May’s drop which had marked the lowest reading since October 2016.
Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, increased 0.1% from the previous month in June, contrasting May’s 0.1% decline. Meanwhile, core inflation inched down from 0.8% in May to 0.7% in June, while harmonized prices declined 0.4% compared the same period of 2019, following May’s 0.3% decrease.
FocusEconomics panelists also expect harmonized prices to dip, on average, 0.1% in 2020, which is down 0.2 percentage points from the previous month’s projection. For 2021, panelists expect harmonized inflation to average 0.8%.
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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Economic News
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Italy: Industrial production rebounds sharply in May
July 10, 2020
Industrial output rebounded and skyrocketed 42.1% in May on a month-on-month, seasonally-adjusted basis.
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Italy: Manufacturing downturn softens on a further relaxation of restrictions in June
July 1, 2020
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose from 45.4 in May to 47.5 in June, amid further easing of containment measures.
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Italy: Pace of decline in annual prices stable in June
June 30, 2020
Consumer prices inched up 0.1% month-on-month in June, contrasting May’s 0.2% dip, according to preliminary data released by the National Statistical Institute (ISTAT).
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Italy: Business confidence improves somewhat but remains deeply pessimistic in June
June 26, 2020
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—pulled up from an all-time low of 52.7 in May to 65.4 in June. June’s rise came on the back of a broad-based improvement across sectors.
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Italy: Consumer confidence recovers some lost ground in June
June 26, 2020
The consumer confidence index released by the National Institute of Statistics (ISTAT) rose from an over six-year low of 94.3 in May to 100.6 in June. June’s rise came on the back of a broad-based improvement in the economic, personal, current and future components.
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