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.

Italy Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-04 10:00 AM Inflation Rate YoY Prel 0.9% 1.1% 1%
2019-02-21 09:00 AM Inflation Rate YoY Final 0.9% 1.1% 0.9% 0.9%
2019-02-28 10:00 AM Inflation Rate YoY Prel 1.1% 0.9% 1.1% 0.9%
2019-03-15 10:00 AM Inflation Rate YoY Final 1% 0.9% 1.1% 1.1%
2019-03-29 10:00 AM Inflation Rate YoY Prel 1% 0.9%
2019-04-17 08:00 AM Inflation Rate YoY Final 1%
2019-04-30 09:00 AM Inflation Rate YoY Prel



Italy Inflation Rate Revised Down to 1% in February

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.

Year-on-year, prices advanced faster for food and non-alcoholic beverages (1.7 percent from 0.7 percent in January), boosted by both unprocessed (3.7 percent from 1.7 percent) and processed food (0.5 percent from a flat reading); health (0.5 percent from 0.4 percent); and alcoholic beverages and tobacco (3.5 percent from 2.3 percent), namely tobacco (4.5 percent from 2.9 percent). On the other hand, cost slowed for transport (0.6 percent from 1 percent), as cost of services related to transport were lower (0.9 percent from 2.2 percent); restaurants and hotels (1 percent from 1.1 percent) and miscellaneous goods and services (1.7 percent from 1.8 percent).  

Meanwhile, inflation was steady for housing and utilities (3.8 percent, the same as in January), as a rise in non-regulated energy products (0.8 percent from 0.3 percent) was offset by lower regulated energy prices (7.8 percent from 7.9 percent); clothing and footwear (0.1 percent); furnishing and household equipment (0.2 percent) and education (0.1 percent).

Annual core inflation rate, which excludes energy and unprocessed food, decreased to 0.4 percent from 0.5 percent in January. Excluding only energy, the inflation accelerated to 0.7 percent from 0.6 percent in the prior month.

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 (from 0.9 percent in January); and fell 0.3 percent month-over-month (from -1.7 percent in January).


Istat | Agna Gabriel | agna.gabriel@tradingeconomics.com
3/15/2019 10:29:20 AM



Italy Prices Last Previous Highest Lowest Unit
Inflation Rate 1.00 0.90 25.64 -0.60 percent [+]
Inflation Rate Mom 0.10 0.10 3.50 -2.40 percent [+]
Consumer Price Index CPI 102.50 102.40 103.10 3.60 Index Points [+]
Harmonised Consumer Prices 101.20 101.50 103.70 67.50 Index Points [+]
Core Consumer Prices 101.60 101.60 102.90 69.10 Index Points [+]
Core Inflation Rate 0.40 0.50 3.06 0.20 percent [+]
GDP Deflator 108.94 108.55 108.94 63.97 Index Points [+]
Producer Prices 105.20 105.20 106.60 61.70 Index Points [+]
Producer Prices Change 3.40 4.10 9.20 -7.60 percent [+]
Export Prices 108.80 109.60 109.60 6.00 Index Points [+]
Import Prices 108.60 110.90 111.40 46.50 Index Points [+]
Food Inflation 1.70 0.70 6.26 -1.18 percent [+]
CPI Housing Utilities 106.30 106.30 106.30 56.90 Index Points [+]
CPI Transportation 103.10 102.70 108.90 61.90 Index Points [+]


Italy Inflation Rate

In Italy, the most important categories in the Consumer Price Index are: food and non-alcoholic beverages (16 percent of total weight); transport (14 percent); restaurants and hotels (11 percent) and housing, water, electricity and other fuels (11 percent). The index also includes: Miscellaneous goods and services (9 percent); health (9 percent); recreation and culture (8 percent); clothing and footwear (7 percent); and furnishing and household equipment (7 percent). Alcoholic beverages, tobacco, communication and education contribute with the remaining 7 percent. This page provides the latest reported value for - Italy Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Inflation Rate - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 0.90 25.64 -0.60 1962 - 2019 percent Monthly




Country Last Previous
Argentina 50.70 Feb/19
Australia 1.80 Dec/18
Brazil 3.89 Feb/19
Canada 1.40 Jan/19
China 1.50 Feb/19
Euro Area 1.50 Feb/19
France 1.30 Feb/19
Germany 1.50 Feb/19
India 2.57 Feb/19
Indonesia 2.57 Feb/19
Italy 1.00 Feb/19
Japan 0.20 Jan/19
Mexico 3.94 Feb/19
Netherlands 2.60 Feb/19
Russia 5.20 Feb/19
Saudi Arabia -2.20 Feb/19
Singapore 0.40 Jan/19
South Africa 4.00 Jan/19
South Korea 0.50 Feb/19
Spain 1.10 Feb/19
Switzerland 0.60 Feb/19
Turkey 19.67 Feb/19
United Kingdom 1.80 Jan/19
United States 1.50 Feb/19


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