Italy’s annual inflation rate increased to 1 percent in February of 2019 from a nine-month low of 0.9 percent in the previous month, below earlier estimates of 1.1 percent. Cost rose faster mainly for unprocessed and processed food, tobacco and non-regulated energy products. On a monthly basis, consumer prices went up 0.1 percent, the same as in January and lower than flash estimates of 0.2 percent. The harmonized index of consumer prices advanced 1.1 percent from the previous year and fell 0.3 percent month-over-month. Inflation Rate in Italy averaged 6.01 percent from 1962 until 2019, reaching an all time high of 25.64 percent in November of 1974 and a record low of -0.60 percent in January of 2015.
Inflation Rate in Italy is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Italy to stand at 1.50 in 12 months time. In the long-term, the Italy Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.