Italy Inflation Rate

Last Release

Feb 29, 2024

Actual

0.8

Units In

0.84

Frequency

Monthly

Next Release

Mar 29, 2024

Time to Release

12 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
25.64 Nov 1974	-0.6 Jan 2015	5.79 %	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 came in at 0.8 percent in February 2024, the same as in the previous month and in line with earlier estimates. Prices eased for food & non-alcoholic beverages (3.9 percent vs 5.8 percent in January), miscellaneous goods & services (2.9 percent vs 3 percent), restaurant & hotels (4 percent vs 4.1 percent), health (1.5 percent vs 1.6 percent), furniture & household equipment (1.4 percent vs 1.5 percent), and clothing & footwear (2.1 percent vs 2.2 percent). On the other hand, cost accelerated for transport (1.6 percent vs 1.3 percent) and recreation & culture (0.9 percent vs 0.8 percent). Also, inflation was steady for education (1.9 percent) and alcoholic beverages & tobacco (2.4 percent) and prices fell further for housing & utilities (-11.8 percent vs -13.8 percent) and communication (-6.2 percent vs -3.2 percent). On a monthly basis, consumer prices edged up 0.1 percent, after a 0.3 percent increase in January.