The annual inflation rate in Italy rose to 1.2% in March of 2024, from 0.8% in February as high base effects for utility bills continued to fade, but still below preliminary results of 1.3%. Prices accelerated for furniture & household equipment (1.5% vs 1.4% in February), health (1.6% vs 1.5%), transport (2.4% vs 1.6%), and miscellaneous goods & services (3.1% vs 2.9%). In addition, deflation softened for housing & utilities (-6.9% vs -11.8%) and communication (-5.6% vs -6.2%). On the other hand, cost eased for food & non-alcoholic beverages (2.9% vs 3.9%), alcoholic beverages & tobacco (1.5% vs 2.4%), clothing & footwear (1.7% vs 2.1%), and recreation & culture (0.5% vs 0.9%). Meanwhile, the inflation rate remained unchanged for education (1.9%) and restaurants & hotels (4%). Monthly, consumer prices showed no movements. source: National Institute of Statistics (ISTAT)

Inflation Rate in Italy increased to 1.20 percent in March from 0.75 percent in February of 2024. Inflation Rate in Italy averaged 5.56 percent from 1958 until 2024, reaching an all time high of 25.68 percent in January of 1975 and a record low of -2.63 percent in April of 1959. 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 April of 2024.

Inflation Rate in Italy increased to 1.20 percent in March from 0.75 percent in February of 2024. Inflation Rate in Italy is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Inflation Rate is projected to trend around 2.30 percent in 2025 and 1.90 percent in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-29 10:00 AM Inflation Rate YoY Prel Mar 1.3% 0.8% 1.4% 1.3%
2024-04-16 08:00 AM Inflation Rate YoY Final Mar 1.2% 0.8% 1.3% 1.3%
2024-04-30 09:00 AM Inflation Rate YoY Prel Apr 1.2% 1.2%

Components Last Previous Unit Reference
Energy Inflation -10.80 -17.30 percent Mar 2024
Food Inflation 2.90 3.90 percent Mar 2024
Services Inflation 3.00 2.90 percent Mar 2024

Related Last Previous Unit Reference
CPI Prel 120.20 120.20 points Mar 2024
Core Consumer Prices 114.60 114.20 points Mar 2024
Core Inflation Rate 2.32 2.33 percent Mar 2024
CPI Housing Utilities 141.80 144.00 points Mar 2024
CPI Transportation 124.50 123.50 points Mar 2024
Export Prices 127.60 126.80 points Jan 2024
GDP Deflator 117.60 116.97 points Dec 2023
Harmonised Consumer Prices 121.80 120.40 points Mar 2024
Import Prices 121.10 120.90 points Jan 2024
Inflation Rate YoY 1.18 0.75 percent Mar 2024
Inflation Rate MoM 0.00 0.10 percent Mar 2024
Producer Prices 120.30 121.50 points Feb 2024
PPI YoY -10.80 -10.70 percent Feb 2024

Italy Inflation Rate
In Italy, the most important categories in the Consumer Price Index are: food and non-alcoholic beverages (18 percent of total weight); transport (14 percent); and housing, water, electricity and other fuels (11 percent). The index also includes: miscellaneous goods and services (9 percent); restaurants and hotels (9 percent); health (9 percent); furnishings, household equipment and maintenance (8 percent); recreation and culture (7 percent); and clothing and footwear (6 percent). Alcoholic beverages and tobacco, communication, and education contribute to the remaining 7 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
1.18 0.75 25.68 -2.63 1958 - 2024 percent Monthly

News Stream
Italian Inflation Rate Revised Slightly Lower
The annual inflation rate in Italy rose to 1.2% in March of 2024, from 0.8% in February as high base effects for utility bills continued to fade, but still below preliminary results of 1.3%. Prices accelerated for furniture & household equipment (1.5% vs 1.4% in February), health (1.6% vs 1.5%), transport (2.4% vs 1.6%), and miscellaneous goods & services (3.1% vs 2.9%). In addition, deflation softened for housing & utilities (-6.9% vs -11.8%) and communication (-5.6% vs -6.2%). On the other hand, cost eased for food & non-alcoholic beverages (2.9% vs 3.9%), alcoholic beverages & tobacco (1.5% vs 2.4%), clothing & footwear (1.7% vs 2.1%), and recreation & culture (0.5% vs 0.9%). Meanwhile, the inflation rate remained unchanged for education (1.9%) and restaurants & hotels (4%). Monthly, consumer prices showed no movements.
2024-04-16
Italian Inflation Rises Less than Expected
The annual inflation rate in Italy rose to 1.3% in March of 2024 from 0.8% in the previous month as high base effects for utility bills continued to fade, according to preliminary estimates. Still, the result was less than market expectations of a 1.4% inflation rate in the period, aligned with softer-than-expected inflation in other large European economies. Deflation softened for non-regulated energy (-10.7% vs -10.3% in February) and regulated energy (-13.8% vs -18.4%), while consumer prices accelerated for transportation services (4.4% vs 3.8%). On the other hand, inflation slowed for unprocessed foods (2.6% vs 4.4%) and tobacco (1.9% vs 2.6%). The domestic core inflation rate, which excludes energy and unprocessed food, rose to 2.4% from 2.3% in February. From the previous month, Italian consumer prices edged up by 0.1%.
2024-03-29
Italy Inflation Rate Confirmed at 0.8%
The annual inflation rate in Italy came in at 0.8 percent in February 2024, the same as in the previous month and in line with earlier estimates. Prices eased for food & non-alcoholic beverages (3.9 percent vs 5.8 percent in January), miscellaneous goods & services (2.9 percent vs 3 percent), restaurant & hotels (4 percent vs 4.1 percent), health (1.5 percent vs 1.6 percent), furniture & household equipment (1.4 percent vs 1.5 percent), and clothing & footwear (2.1 percent vs 2.2 percent). On the other hand, cost accelerated for transport (1.6 percent vs 1.3 percent) and recreation & culture (0.9 percent vs 0.8 percent). Also, inflation was steady for education (1.9 percent) and alcoholic beverages & tobacco (2.4 percent) and prices fell further for housing & utilities (-11.8 percent vs -13.8 percent) and communication (-6.2 percent vs -3.2 percent). On a monthly basis, consumer prices edged up 0.1 percent, after a 0.3 percent increase in January.
2024-03-15