Italy Inflation


Italy: Inflation rises to two-year high

February 23, 2011

In January, consumer prices (including tobacco) rose 0.4% over the previous month, mirroring the result recorded in December and confirming the preliminary estimate, released on 4 February. Higher food prices were the main driver behind the monthly reading. Building on the monthly increase, annual inflation rose to 2.1% from 1.9% in December, matching market expectations. At the current level, annual headline inflation is at the highest level since December 2008. The core inflation index, which excludes more volatile categories such as non-processed food and energy, rose 0.1% over the previous month, halving December's 0.2% increase. As a consequence of the more moderate monthly increase, annual core inflation remained unchanged at December's 1.4%. Finally, annual average HICP inflation inched up to 1.7% from 1.6% in December. The Bank of Italy expects HICP inflation to average 2.1% this year, and 2.0% next year.

Author:, Head of Data Solutions

Sample Report

Looking for forecasts related to Inflation in Italy? Download a sample report now.


Italy Economic News

  • Italy: Manufacturing sector contracts at the sharpest pace in almost four years in November

    December 3, 2018

    The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dipped to a near four-year low of 48.6 in November from October’s 49.2.

    Read more

  • Italy: Inflation ticks up in November on higher food prices

    November 30, 2018

    According to provisional data released by the National Statistical Institute (ISTAT) on 30 November, consumer prices dropped 0.1% month-on-month in November, following October’s flat reading.

    Read more

  • Italy: Revised estimate shows economy contracted in Q3

    November 30, 2018

    The Italian economy contracted for the first time in nearly four years in the third quarter, weighed down by its shrinking domestic sector.

    Read more

  • Italy: Business confidence declines for the fifth consecutive month in November

    November 27, 2018

    The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, market services and retail sectors—edged down to 101.1 points in November from October’s revised 102.5 points (previously reported: 102.6 points), marking the worst reading since December 2016. November’s reading was the result of a deterioration in sentiment in the manufacturing, construction and market services sectors, which more than offset improved sentiment in the retail trade sector.

    Read more

  • Italy: Consumer confidence drops in November

    November 27, 2018

    The consumer confidence index released by the National Institute of Statistics (ISTAT) declined to 114.8 points in November from October’s revised 116.5 points (previously reported: 116.6 points). Consumers’ expectations of the future general economic situation and their assessments of the current general economic situation deteriorated, driving the downturn, likely due to growing concerns about the recent turbulence in the financial markets and the stagnation of the economy in the third quarter.

    Read more

More news

Search form