Inflation in Italy
Italy - Inflation
Inflation comes in at highest level in 9 years in September
Consumer prices dropped 0.10% in September over the previous month, swinging from August's 0.38% rise. September's result marked the weakest reading since November 2020. The decline was broad-based, with reduced price pressures recorded for food and non-alcoholic beverages, transportation, and recreation and culture. In addition, prices for utilities halted after growing in the previous month.
Inflation rose to 2.6% in September from August’s 2.0%. September's figure marked the highest inflation rate since September 2012. Annual average inflation rose to 0.9% in September (August: 0.7%). Lastly, harmonized inflation rose to 3.0% in September, from the previous month's 2.5%.
FocusEconomics panelists expect harmonized inflation to average 1.5% in 2021, which is up 0.1 percentage points from the previous month’s projection. For 2022, panelists expect harmonized inflation to average 1.3%, which is also up 0.1 percentage points from last month’s estimate.
Italy - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.0||-0.1||1.2||1.1||0.6|
5 years of economic forecasts for more than 30 economic indicators.
Italy Inflation Chart
Source: National Statistical Institute (ISTAT) and FocusEconomics calculations.
|Bond Yield||1.31||-0.40 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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October 11, 2021
Industrial output decreased 0.2% month-on-month in seasonally-adjusted terms in August (July: +1.0% mom).
October 1, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) fell to 59.7 in September from August's 60.9.
September 30, 2021
Consumer prices dropped 0.10% in September over the previous month, swinging from August's 0.38% rise.
September 24, 2021
Business confidence came in at 113.8 in September, down from August's 114.0.
September 15, 2021
A second estimate confirmed consumer prices rose 0.48% in August over the previous month, matching July's reading.