Consumer prices in Italy decreased 0.2% year-on-year in November of 2020, following a 0.3% fall in the previous month and in line with preliminary estimates. It was the seventh consecutive month of falls in consumer prices but the softest since June, as cost decline less for housing & utilities (-2% vs -2.1% in October); transport (-3.7% vs -4%) and communication (-4.9% vs -5.1%). Meantime, inflation was steady for clothing & footwear (at 0.7%) and alcoholic beverages & tobacco (at 1.7%). Also, prices advanced faster for health (0.8% vs 0.7%) and restaurant & hotels (0.8% vs a flat reading) while cost slowed for food & non-alcoholic beverages (1.3% vs 1.4%); furnishing & household equipment (0.4% vs 0.8%); recreation & culture (0.2% vs 0.3%) and miscellaneous goods & services (1.9% vs 2%). On a monthly basis, consumer prices went down 0.1%, also in line with earlier estimates and compared to a 0.2% rise in October. source: National Institute of Statistics (ISTAT)
Inflation Rate in Italy averaged 5.84 percent from 1962 until 2020, reaching an all time high of 25.64 percent in November of 1974 and a record low of -0.60 percent in January of 2015. This page provides the latest reported value for - Italy Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Inflation Rate in Italy is expected to be -0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Italy to stand at 0.80 in 12 months time. In the long-term, the Italy Inflation Rate is projected to trend around 1.10 percent in 2021 and 1.40 percent in 2022, according to our econometric models.