Italy inflation rate for 2024 was 0.98%, a 4.64% decline from 2023.

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<li>Italy inflation rate for 2023 was <strong>5.62%</strong>, a <strong>2.58% decline</strong> from 2022.</li>
<li>Italy inflation rate for 2022 was <strong>8.20%</strong>, a <strong>6.33% increase</strong> from 2021.</li>
<li>Italy inflation rate for 2021 was <strong>1.87%</strong>, a <strong>2.01% increase</strong> from 2020.</li>
</ul>Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

Core consumer prices in Italy increased 2 percent in May 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.

Inflation Rate in Italy increased to 1.70 percent in June from 1.60 percent in May 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.

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.

In april 2025, the consumer price index (CPI) in Italy stood at 122.6, compared to 120.3 in the same month of the previous year. The Consumer price index is a measure that examines the changes in the purchasing-power of a currency and the inflation rate. It detects changes in the price level of a market basket of consumer goods and services purchased by households.

In 2024, the average inflation rate in Italy stood at about 1.09 percent. Between 1980 and 2024, the figure dropped by approximately 20.71 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the inflation will rise by around 0.91 percentage points, showing an overall upward trend with periodic ups and downs.This indicator measures inflation based upon the year-on-year change in the average consumer price index, expressed in percent. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services.

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 2024 about Italy, consumer, CPI, inflation, price index, indexes, and price.

Italy: Inflation forecast: The latest value from 2030 is 2 percent, unchanged from 2 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Italy from 1980 to 2030 is 4.45 percent. The minimum value, -0.29 percent, was reached in 2020 while the maximum of 21.18 percent was recorded in 1980.

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

Overall food and beverage inflation in Italy, was more pronounced in 2022 and 2023. However, in 2024, most products also experienced price increases, with the oils and fats category leading the way at 20.1 percent higher than the previous year.

Wages in Italy increased 3.40 percent in April of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Italy Hourly Wage Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In Italy, electricity prices recorded a significant increase from March 2021 onward, after having remained stable throughout 2020. The peak was reached in October 2022, when the cost of electric power was 200 percent higher than in the same month of the previous year.

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.

The monthly inflation rate and unemployment rate in Belgium, France, Germany, Italy, Poland, and Spain from 2020 to 2021. I simply put the data in one file since you need to download them separately if you get them from the link. These economics indicator might help for the Kaggle competition Tabular Playground Series September 2022.

Here are the data sources for the inflation rate and the unemployment rate

Cost of food in Italy increased 3.20 percent in June 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.

At the beginning of 2025, transportation prices decreased compared to 2024. The impact of the COVID-19 pandemic is evident on prices of the transport sector in Italy, which rapidly decreased from April 2020. During 2021, the Consumer Price Index (CPI) steadily grew, reaching the peak in July 2022 when travel restrictions were permanently lifted. In the course of 2023, CPI adjusted between one and five percent, settling to pre-pandemic levels. Overall, transportation recorded a restrained inflation. The price volatility was mainly due to air transport, while other parameters did not significantly affect the CPI.

In 2025, three quarters of Italians stated that their salary or pension was not enough to cover their living expenses, compared to less than 30 percent affirming that their income was adequate to the cost of living.

Italy GNP for 2023 was 2.237 trillion US dollars, a 1.11% decline from 2022.

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<li>Italy GNP for 2022 was <strong>2.262 trillion US dollars</strong>, a <strong>5.06% increase</strong> from 2021.</li>
<li>Italy GNP for 2021 was <strong>2.153 trillion US dollars</strong>, a <strong>11.72% increase</strong> from 2020.</li>
<li>Italy GNP for 2020 was <strong>1.927 trillion US dollars</strong>, a <strong>7.51% decline</strong> from 2019.</li>
</ul>GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.

Between January 2021 and December 2024, the monthly Consumer Price Index (CPI) for ready meals in Italy witnessed a general growth. The monthly CPI is here calculated using the year 2015 as the base, thus equal to 100. Totaling 104 in January 2021, the CPI for ready meals peaked at 127.8 in August 2023 before experiencing some fluctuations and reaching 126.2 as of December 2024. The CPI measures changes in the market price of a basket of consumer goods and services purchased by households.