Italy Inflation Rate

Last Release

Nov 30, 2024

Actual

1.3

Units In

0.9

Frequency

Monthly

Next Release

Jan 06, 2025

Time to Release

20 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
25.64 Nov 1974	-0.6 Jan 2015	5.73 %	1962-2024	National Institute of Statistics (ISTAT)

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 (12 percent); housing, water, electricity and other fuels (10 percent); and miscellaneous goods and services (10 percent). The index also includes: health (9 percent); recreation and culture (8 percent); clothing and footwear (7 percent); and furnishing and household equipment (7 percent). Alcoholic beverages, tobacco, communication and education contribute with the remaining 6 percent.

Latest Updates

The annual inflation rate in Italy quickened to 1.3% in November 2024 from 0.9% in the prior month, though slightly below the initial market expectations of 1.4%. It was the highest reading in four months, largely due to the acceleration in prices of food & non-alcoholic beverages (2.8% vs 2.5%). Prices also increased solidly for other CPI items, including restaurants & hotels (3.4% vs 3.5%); education (2.9% vs 3%); miscellaneous goods & services (2.8% vs 2.6%) and alcoholic beverages & tobacco (2.3%, the same rate as in October). Additionally, prices fell at slower pace for both housing & utilities (-0.6% vs -1.6% in October) and transportation (-0.6% vs -2.3%). On a monthly basis, consumer prices edged down by 0.1% in November, compared to an initial reading of no change and following a flat reading in the prior month.