Inflation in Italy

Italy Harmonized Inflation (eop) | Economic News & Forecasts

Italy - Harmonized Inflation (end of period)

Inflation at over one-year low in May

Consumer prices were flat month-on-month in May (previously reported: +0.1% month-on-month), following April’s 0.2% increase, according to revised data released by the National Statistical Institute (ISTAT) on 14 June. The figure reflected higher prices for unprocessed food, and for non-regulated energy products, which more than offset lower prices for services related to transport—due to the end of the Easter holidays—and of services related to communication. Meanwhile, inflation came in at 0.8% in May, down from April’s 1.1% and the weakest reading since April 2018.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, were 0.1% lower compared to the previous month in May, following April’s 0.6% increase. Meanwhile, core inflation edged down from April’s 0.6% to 0.4%, while harmonized inflation declined to 0.9% from April’s 1.1%.

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  

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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

Bond Yield2.37-0.40 %Jun 13
Exchange Rate1.130.65 %Jun 13
Stock Market20,631-0.99 %Jun 13

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