Inflation in Italy

Italy Harmonized Inflation (eop) | Economic News & Forecasts

Italy - Harmonized Inflation (end of period)

Inflation increases in October

Consumer prices rose 0.67% from the previous month in October, swinging from the 0.19% fall logged in September. October's figure marked the highest reading since January. In detail, the uptick was broad-based, with greater price pressures recorded for food and non-alcoholic beverages. In addition, prices for transportation and recreation and culture fell at a softer pace.

Inflation came in at 3.0% in October, which was up from September’s 2.5%. October's result represented the highest inflation rate since September 2012. Meanwhile, the trend pointed up, with annual average inflation coming in at 1.2% in October (September: 0.9%). Lastly, harmonized inflation rose to 3.2% in October, from September’s 2.9%.

FocusEconomics panelists expect harmonized inflation to average 1.6% in 2022, which is up 0.3 percentage points from the previous month’s projection. For 2023, panelists expect harmonized inflation to average 1.3%.

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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