Italy Inflation Rate 1958-2014 | Data | Chart | Calendar | Forecast

The inflation rate in Italy was recorded at 0.09 percent in July of 2014. Inflation Rate in Italy averaged 6.15 Percent from 1958 until 2014, reaching an all time high of 25.64 Percent in November of 1974 and a record low of -2.44 Percent in April of 1959. Inflation Rate in Italy is reported by the National Institute of Statistics (ISTAT).

   
 
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Italy Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.09 0.28 25.64 -2.44 1958 - 2014 Percent Monthly
2010=100
In Italy, the most important categories in the Consumer Price Index are: food and non-alcoholic beverages (16 percent of total weight); transport (15 percent); restaurants and hotels (11 percent) and housing, water, electricity and other fuels (10 percent). The index also includes: clothing and footwear (9 percent); furnishing and household equipment (8 percent); recreation and culture (8 percent) and health (8 percent). Communication, education, alcoholic beverages, tobacco and other goods and services contribute the remaining 15 percent. This page provides - Italy Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Italy Inflation Rate - was last refreshed on Thursday, August 21, 2014.


Italy Inflation Rate Confirmed at 1% in July


Italian annual inflation rate slowed to 0.1 percent in July of 2014 from 0.3 percent in the previous month, confirming the preliminary estimates.

The slowdown of inflation was mainly due to the extension of the decrease on annual basis of prices of Regulated energy products, whereas the contributions of some other groups of products were minor.

The annual rate of change of prices of Goods was -0.6% (from -0.3% in June 2014) and the annual rate of change of prices of Services was +0.7% (down from +0.8% in the previous month). As a consequence, the inflationary gap between Services and Goods increased by 0.2 percentage points with respect to June 2014.  Prices of grocery and unprocessed food declined by 0.6 percent.

On a month-over-month basis, the consumer price index declined by 0.1 percent in July of 2014, confirming the preliminary estimates. The decrease of all items index was mainly due to the decline of prices of fresh fruit (-9.0 percent) and fresh vegetables (-3.8 percent) and of prices of regulated energy products (-3.1 percent); this decline was partially balanced by the monthly increases of prices of non-regulated energy products (+0.8 percent) and of services related to transport (+1.5 percent), also the latter mainly due to seasonal factors. 

Excluding unprocessed food (whose decline on annual basis was stable at -2.9%) and energy, core inflation was 0.6% (0.1 lower than in June 2014); excluding only energy, the inflation was 0.3% (down from 0.5% in June 2014).

The  harmonized index of consumer prices decreased by 2.1 percent month-on-month because of the summer sales of clothing and footwear, not taken into account in the national NIC - and registered an annual rate of change equal to zero (from +0.2 in June 2014). Also in this case, final data confirm the preliminary ones. 

Istat | Isabel Felino | isabel.felino@tradingeconomics.com
8/12/2014 12:32:13 PM


Recent Releases

Italy Inflation Rate Down to 5-Year Low
The Italian annual consumer price index slowed to 0.1 percent in July of 2014 from 0.3 percent in the previous month, according to provisional estimates. The slowdown was mainly due to a decrease in the cost for regulated energy products. Published on 2014-07-31

Italy Inflation Slowdown Confirmed in June
The Italian inflation rate decelerated to 0.3 percent in June from 0.5 percent in May, final estimates showed. The slowdown was mainly driven by a fall in cost of unprocessed food while lower prices of processed food, non-regulated energy products and services related to housing also had a downward effect. Published on 2014-07-15


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-06-30 10:00 AM Italy
Inflation Rate YoY
Jun 2014 0.3% 0.5% 0.3% 0.47%
2014-07-15 09:00 AM Italy
Inflation Rate YoY - Final
Jun 2014 0.3% 0.5% 0.3% 0.3%
2014-07-31 10:00 AM Italy
Inflation Rate YoY
Jul 2014 0.1% 0.3% 0.3% 0.26%
2014-08-12 09:00 AM Italy
Inflation Rate YoY - Final
Jul 2014 0.1% 0.3% 0.1%
2014-08-29 10:00 AM Italy
Inflation Rate YoY
Aug 2014 0.1% 0.05%


Prices Last Previous Highest Lowest Unit
Inflation Rate 0.09 0.28 25.64 -2.44 Percent [+]
Inflation Rate Mom -0.10 0.10 3.50 -2.40 Percent [+]
Consumer Price Index (CPI) 107.50 107.60 107.80 3.90 Index Points [+]
Core Inflation Rate 0.70 0.80 3.06 0.70 Percent [+]
Harmonised Consumer Prices 117.90 120.40 120.40 116.70 Index Points [+]
Core Consumer Prices 106.30 106.20 106.30 73.80 Index Points [+]
GDP Deflator 115.32 114.41 115.37 63.97 Index Points [+]
Producer Prices 106.00 105.90 109.80 63.60 Index Points [+]
Producer Prices Change -1.58 -1.40 9.21 -7.55 Percent [+]
Export Prices 113.80 113.30 114.50 6.90 Index Points [+]
Import Prices 110.80 110.20 118.10 49.40 Index Points [+]
Food Inflation -0.60 -0.19 6.26 -1.18 Percent [+]





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