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

The inflation rate in Italy was recorded at -0.20 percent in September of 2014. Inflation Rate in Italy averaged 6.14 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).

   
 
 

Italy Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
-0.20 -0.10 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 Tuesday, October 21, 2014.


Italy Inflation Rate Falls More Than Expected


Italian consumer prices fell 0.2 percent year-on-year in September of 2014, lower than a preliminary estimate of a 0.1 percent decrease. It is the lowest rate in fifty-five years and the second consecutive month of negative inflation.

Year-on-year, prices of non-regulated energy products recorded the largest decrease (-2.8 percent in September from -1.2 percent in August) while prices of services related to recreation, including repair and personal care dropped 0.3 percent, following a 0.7 percent increase in the previous month. Cost of unprocessed food fell at a slower 0.9 percent (-1.8 percent in August). Meanwhile, prices of grocery and unprocessed food were flat. 

Excluding unprocessed food and energy, core inflation was 0.4 percent in September, down from 0.5 percent in August 2014; excluding energy, the inflation was 0.3 percent (0.1 lower than in August 2014).

On a monthly basis, consumer prices declined 0.4 percent, compared with a preliminary 0.3 percent drop. The decrease was mainly due to a 4.8 percent fall in prices of services related to transport - on which seasonal factors had an impact – and to a drop in prices of non-regulated energy products (-0.6 percent). Additional downward pressures came from cost of services related to recreation, including repairs and personal care (-0.1 percent). 

The harmonized index rose by 1.9 percent on a monthly basis and declined by 0.1 percent on an annual basis (the flash estimate was -0.2 percent).

Istat | Joana Taborda | joana.taborda@tradingeconomics.com
10/14/2014 11:08:33 AM


Recent Releases

Italy Inflation Rate at -0.1% in September
Italian consumer prices are expected to fall by an annual 0.1 percent in September, the same rate recorded in August, dragged down by lower energy cost. On a monthly basis, the inflation rate is expected to fall 0.3 percent. Published on 2014-09-30

Italy Inflation Rate Confirmed at -0.1% in August
Italian consumer prices fell 0.1 percent year-on-year in August of 2014, matching preliminary estimates. The country’s annual inflation rate touched the negative territory for the first time in nearly 55 years due to a drop in energy prices. Published on 2014-09-12


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-08-29 10:00 AM Italy
Inflation Rate YoY
Aug 2014 -0.1% 0.1% -0.2% 0.05%
2014-09-12 10:00 AM Italy
Inflation Rate YoY - Final
Aug 2014 -0.1% 0.1% -0.1% -0.1%
2014-09-30 10:00 AM Italy
Inflation Rate YoY
Sep 2014 -0.1% -0.1% -0.1% -0.18%
2014-10-14 09:00 AM Italy
Inflation Rate YoY - Final
Sep 2014 -0.2% -0.1% -0.1% -0.1%
2014-10-31 10:00 AM Italy
Inflation Rate YoY
Oct 2014 -0.2% -0.14%


Italy Prices Last Previous Highest Lowest Unit
Inflation Rate -0.20 -0.10 25.64 -2.44 Percent [+]
Inflation Rate Mom -0.40 0.20 3.50 -2.40 Percent [+]
Consumer Price Index CPI 107.30 107.70 107.80 3.90 Index Points [+]
Core Inflation Rate 0.38 0.47 3.06 0.38 Percent [+]
Harmonised Consumer Prices 117.90 120.40 120.40 116.70 Index Points [+]
Core Consumer Prices 106.20 106.70 106.70 73.80 Index Points [+]
GDP Deflator 115.26 115.26 115.26 63.97 Index Points [+]
Producer Prices 105.70 105.70 109.80 63.60 Index Points [+]
Producer Prices Change -1.70 -1.60 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 -0.09 -0.46 6.26 -1.18 Percent [+]