Inflation Rate in Italy increased to 1.60 percent in February from 1.50 percent in January of 2025. This dataset 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.

The average inflation rate in Italy was forecast to increase between 2024 and 2029 by in total 0.7 percentage points. This overall increase does not happen continuously, notably not in 2026. The inflation is estimated to amount to two percent in 2029. This indicator measures inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent.Find more statistics on other topics about Italy with key insights such as the number of employed people, the budget balance in relation to the gross domestic product, and the ratio of government expenditure to the gross domestic product.

Core consumer prices in Italy increased 1.80 percent in February of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Italy Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2022, Italy experienced an inflation rate of over eight percent compared to the previous year, the highest since at least 2004. 2022 was characterized by high inflation rates worldwide following the COVID-19 pandemic and the Russia-Ukraine crisis. In 2023, the consumer price index dropped to 5.6 percent, showing a partial decrease in the inflationary phenomenon.The term inflation, also known as currency devaluation (drop in the value of money), is characterized by a steady rise in prices for finished products (consumer goods, capital goods). The consumer price index tracks price trends of private consumption expenditure, and shows an increase in the index's current level of inflation.

Harmonised Inflation Rate YoY in Italy remained unchanged at 1.70 percent in February. This dataset includes a chart with historical data for Italy Harmonised Inflation Rate YoY.

According to the European Commission's autumn 2024 Economic Forecast, inflation reached 1.1 percent in 2024. However, it is expected to increase to 1.9 percent in 2025 and 1.7 percent in 2026. Changes in consumption In 2022, inflation recorded a decisive increase due to a global energy crisis. In particular, electricity prices were almost 200 percent higher compared to 2021, and this consequently caused higher costs for producers and for final consumers. Therefore, Italian citizens had to confront themselves with higher prices and the risk that their purchasing power would have been eroded by the inflation. Therefore, they changed consumption habits. In fact, more than half of the consumers stopped buying unnecessary products and limited food waste.

Graph and download economic data for Inflation, consumer prices for Italy (FPCPITOTLZGITA) from 1960 to 2023 about Italy, consumer, CPI, inflation, price index, indexes, and price.

In May 2023, inflation in Italy increased by 7.6 percent when compared to the same month of the previous year. Utilities, water, energy, and fuel recorded the highest inflation rate, with 15.5 percent, followed by food and non-alcoholic beverages. By contrast, education and communication registered the lowest but still increases.

The term inflation, also known as currency devaluation (drop in the value of money), is characterized by a steady rise in prices for finished products (consumer goods, capital goods). The consumer price index tracks price trends of private consumption expenditure, and shows an increase in the index's current level of inflation.

Services Inflation in Italy remained unchanged at 2.60 percent in January. This dataset includes a chart with historical data for Italy Services Inflation.

The inflation rates of energy commodity prices in Italy began to increase significantly in 2021 and continued throughout 2022. Electricity has seen the steepest rise, with the inflation rate reaching 199 percent in October 2022. These increases in inflation were driven by Russia's invasion of Ukraine, which has caused uncertainty over Europe's security of gas supply, as well as intense energy price volatility. However, since the beginning of 2023, energy commodity prices have shown a decrease in the country.

Cost of food in Italy increased 2.40 percent in February of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Italy Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Since 2021, the large economies of Western Europe have been experiencing a surge in inflation, with inflation reaching as high as 11.84 percent in Italy during October 2022. During 2023 the rate of inflation in all these economies has fallen significantly, reaching as low as 0.67 percent in Italy and 3.17 percent in Germany. This inflationary episode is understood by economists to have been caused by several factors, notably the supply chain issues during the COVID-19 pandemic, pent-up consumer demand which was released after lockdowns ended, as well as policies of monetary and fiscal stimulus during the pandemic aimed at boosting economic activity.

Energy Inflation in Italy increased to 0.60 percent in February from -0.70 percent in January of 2025. This dataset includes a chart with historical data for Italy Energy Inflation.

Inflation, monthly percent change in the CPI in Italy, February, 2025 The most recent value is 0.08 percent as of February 2025, an increase compared to the previous value of -0.81 percent. Historically, the average for Italy from February 1996 to February 2025 is 0.17 percent. The minimum of -2.49 percent was recorded in January 2015, while the maximum of 3.81 percent was reached in October 2022. | TheGlobalEconomy.com

Graph and download economic data for Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Italy (CPGRLE01ITM657N) from Feb 1960 to Nov 2023 about Italy, core, all items, CPI, inflation, price index, indexes, and price.

This statistic illustrates the inflation rate in Italy from January 2017 to March 2018. The term inflation, also known as currency devaluation (drop in the value of money), is characterized by a steady rise in prices for finished products (consumer goods, capital goods). The consumer price index tracks price trends of private consumption expenditure and shows and increase in the index's current level of inflation. According to data, the inflation rate peaked in April 2017 at roughly 1.9 percent.

Rent Inflation in Italy decreased to 3.40 percent in February from 3.60 percent in January of 2025. This dataset includes a chart with historical data for Italy Rent Inflation.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Italy (CPGRLE01ITQ659N) from Q1 1961 to Q4 2024 about Italy, core, all items, CPI, inflation, price index, indexes, and price.

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Italy IT: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 0.629 % in 2017. This records a decrease from the previous number of 0.848 % for 2016. Italy IT: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 4.197 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 20.816 % in 1980 and a record low of 0.319 % in 2010. Italy IT: Inflation:(GDP) Gross Domestic ProductDeflator data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Italy – Table IT.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; Median;