Inflation in Italy

Italy Inflation | Economic News & Forecasts

Italy - Inflation

Inflation comes in at highest level since August 2008 in December

Consumer prices increased 0.38% from the previous month in December, below the 0.57% increase logged in November. December's result marked the weakest reading since September. The softer rise was largely driven by slower growth in prices for food and non-alcoholic beverages. In addition, prices for utilities grew at a more subdued pace.

Inflation came in at 3.9% in December, which was up from November’s 3.7%. December's figure represented the highest inflation rate since August 2008. Annual average inflation rose to 1.9% in December (November: 1.5%). Finally, harmonized inflation rose to 4.2% in December, from the previous month's 3.9%.

FocusEconomics panelists expect harmonized inflation to average 2.2% in 2022, which is up 0.4 percentage points from the previous month’s projection. For 2023, panelists expect harmonized inflation to average 1.3%.

Italy - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)0.0  -0.1  1.2  1.1  0.6  

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Italy Inflation 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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