Cost of food in Italy increased 0.80 percent in December of 2019 over the same month in the previous year. Food Inflation in Italy averaged 1.79 percent from 1997 until 2019, reaching an all time high of 6.26 percent in July of 2008 and a record low of -1.18 percent in July of 1997. source: National Institute of Statistics (ISTAT)
Food Inflation in Italy is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Italy to stand at 1.80 in 12 months time. In the long-term, the Italy Food Inflation is projected to trend around 2.10 percent in 2020, according to our econometric models.