The cost of food and non-alcoholic beverages in Italy rose to a record high of 13.5 percent in October of 2022 from the previous record of 11.7 percent in the previous month, according to preliminary estimates. Prices rose for foods of both processed (13.4 percent vs 11.4 percent in September) and unprocessed (12.9 percent vs 11 percent) kinds. On a monthly basis, the food and non-alcoholic beverages consumer basket jumped by 1.9 percent. source: National Institute of Statistics (ISTAT)

Food Inflation in Italy averaged 1.94 percent from 1997 until 2022, reaching an all time high of 13.50 percent in October of 2022 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 December of 2022.

Food Inflation in Italy is expected to be 15.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Food Inflation is projected to trend around 5.50 percent in 2023 and 1.80 percent in 2024, according to our econometric models.

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Italy Food Inflation



Related Last Previous Unit Reference
Inflation Rate 11.80 11.80 percent Nov 2022
Inflation Rate MoM 0.50 3.40 percent Nov 2022
Harmonised Consumer Prices 120.70 120.20 points Nov 2022
Consumer Price Index CPI 118.70 118.10 points Nov 2022
Core Inflation Rate 5.68 5.30 percent Nov 2022
Core Consumer Prices 109.70 109.30 points Nov 2022
GDP Deflator 108.10 108.35 points Sep 2022
Producer Prices 155.40 160.80 points Oct 2022
Producer Prices Change 28.00 41.70 percent Oct 2022
Export Prices 150.00 151.50 points Sep 2022
Import Prices 180.60 183.10 points Sep 2022
Food Inflation 13.50 11.70 percent Oct 2022
CPI Transportation 119.10 119.00 points Nov 2022
CPI Housing Utilities 180.70 178.80 points Nov 2022