Food Inflation in Italy averaged 1.73 percent from 1997 until 2021, 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. This page provides the latest reported value for - Italy Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Food Inflation - values, historical data and charts - was last updated on July of 2021.
Food Inflation in Italy is expected to be 0.80 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 1.40 in 12 months time. In the long-term, the Italy Food Inflation is projected to trend around 1.70 percent in 2022 and 1.80 percent in 2023, according to our econometric models.