Italy Inflation Rate

The inflation rate in Italy was recorded at 0.28 percent in June of 2014. Inflation Rate in Italy averaged 6.16 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
0.28 0.47 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.


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.

Prices of goods fell 0.3 percent year-on-year (from -0.1 percent in May 2014) and cost of services rose 0.8 percent (down from +0.9 percent in the previous month). Therefore the inflationary gap between Services and Goods increased by 0.1 percentage points with respect to May 2014.

Prices of Grocery and unprocessed food were stable on a monthly basis and declined by 0.5 percent on an annual basis (from +0.1 percent observed in May 2014).

Excluding unprocessed food and energy, core inflation was 0.7 percent (0.1 lower than in May 2014) and excluding only energy, the inflation was 0.5 percent (down from 0.6 percent in May 2014).

From May to June, consumer prices rose 0.1 percent, driven by higher prices of services related to transport (+0.7 percent).

In June of 2014, the Italian harmonized index of consumer prices increased by 0.1 percent compared with the previous month and by 0.2 percent with respect to June 2013.

Istat | Joana Taborda | joana.taborda@tradingeconomics.com
7/15/2014 10:36:23 AM


Recent Releases

Italy Inflation Rate Decelerates in June
The Italian inflation eased to 0.3 percent year-on-year in June of 2014, according to provisional estimates, down from 0.5 percent in May, driven by a sharp fall in food prices. Published on 2014-06-30

Italy Inflation Rate Confirmed at 0.5%
The Italian annual consumer price index slowed to 0.5 percent in May of 2014 from 0.6 percent in the previous month, confirming the preliminary estimates. Prices of services related to transport slowed down and cost of unprocessed food decreased. Published on 2014-06-13


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-30 10:00 AM Italy
Inflation Rate YoY
May 2014 0.5% 0.6% 0.5% 0.56%
2014-06-13 09:00 AM Italy
Inflation Rate YoY - Final
May 2014 0.5% 0.6% 0.5% 0.5%
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 0.3% 0.3% 0.26%


Prices Last Previous Highest Lowest Unit
Inflation Rate 0.28 0.47 25.64 -2.44 Percent [+]
Inflation Rate Mom 0.10 -0.10 3.50 -2.40 Percent [+]
Consumer Price Index (CPI) 107.60 107.50 107.80 3.90 Index Points [+]
Core Inflation Rate 0.70 0.80 3.06 0.70 Percent [+]
Harmonised Consumer Prices 120.40 120.30 120.40 116.70 Index Points [+]
Core Consumer Prices 106.20 106.10 106.30 73.80 Index Points [+]
GDP Deflator 115.37 114.41 115.37 63.97 Index Points [+]
Producer Prices 105.90 106.00 109.80 63.60 Index Points [+]
Producer Prices Change -1.40 -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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