Inflation in Italy

Italy Inflation | Economic News & Forecasts

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

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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