Inflation in Italy
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
|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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January 17, 2022
Consumer prices increased 0.38% from the previous month in December, below the 0.57% increase logged in November.
January 5, 2022
Consumer prices increased 0.38% in December over the previous month, which was below the 0.57% rise recorded in November.
January 3, 2022
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) came in at 62.0 in December, down from November's 62.8.
December 23, 2021
Business confidence fell to 113.1 in December from November's 114.8.
December 23, 2021
Consumer confidence came in at 117.7 in December, up from November's 117.5.