The annual inflation rate in Italy eased to 0.8% in April of 2024 from 1.2% in March, coming slightly below preliminary estimate of 0.9% and indicating the impact of prolonged restrictive monetary policy from the ECB. Accordingly, net inflation decelerated to 2.1% from 2.3% in the prior month. Energy deflation from the previous year continued for the unregulated kind (-13.9% vs -10.3%). Additionally, cost slowed for transportation (2.7% vs 4.5%), various services (1.8% vs 2.3%), non-durable goods (1.5% vs 2.0%), and food (2.4% vs 2.7%). Meanwhile, the prices of the regulated energy fell less (-1.3% vs -13.8%), and inflation picked up for tobacco (3.3% vs 1.9%) and recreation & culture (3.8% vs 3.2%). Over the month, Italian consumer prices edged up by 0.1%, following a flat reading in March. source: National Institute of Statistics (ISTAT)
Inflation Rate in Italy decreased to 0.80 percent in April from 1.20 percent in March of 2024. 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 May of 2024.
Inflation Rate in Italy decreased to 0.80 percent in April from 1.20 percent in March of 2024. 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.