The annual inflation rate in Italy was at 0.8% in May of 2024, remaining unchanged from the rate in April and in line with market expectations, according to a preliminary estimate. The EU-harmonized inflation rate was also at 0.8%, marking the eighth consecutive month that Italian inflation held below the ECB target, underscoring the lower extent of price growth compared to its Eurozone neighbors. Among key components of the Italian consumer basket, inflation slowed for processed food (2.1% vs 2.5% in April), transportation services (2.4% vs 2.7%), and habitational services (2.6% vs 2.8%). On the other hand, prices fell less for non-regulated energy (-13.5% vs -13.9%) amid a lower impact of base effects, while regulated energy prices were unchanged (vs -1.3%) and inflation picked up for fresh food (2.3% vs 2.2%). From the previous month, consumer prices rose by 0.2%. source: National Institute of Statistics (ISTAT)
Inflation Rate in Italy remained unchanged at 0.80 percent in May. Inflation Rate in Italy averaged 5.55 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 June of 2024.
Inflation Rate in Italy remained unchanged at 0.80 percent in May. Inflation Rate in Italy is expected to be 1.00 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.