Inflation in Italy
Italy - Inflation
Inflation decreases in July
Consumer prices rose 0.44% over the previous month in July, coming in below June's 1.17% rise. July's result marked the weakest reading since April. The deceleration was primarily due to softer price rises for food and non-alcoholic beverages. Moreover, prices for utilities dropped. However, transport price pressures accelerated.
Inflation dropped to 7.9% in July, following June’s 8.0%. Annual average inflation rose to 5.1% in July (June: 4.6%). Lastly, harmonized inflation edged down to 8.3% in July, from June’s 8.5%.
FocusEconomics panelists expect harmonized inflation to average 7.0% in 2022, which is up 0.3 percentage points from the previous month’s projection. For 2023, panelists expect harmonized inflation to average 3.4%.
Italy - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.0||-0.1||1.2||1.1||0.6|
5 years of economic forecasts for more than 30 economic indicators.
Italy Inflation Chart
Source: National Statistical Institute (ISTAT) and FocusEconomics calculations.
|Bond Yield||1.31||-0.40 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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September 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) fell to 48.0 in August from July's 48.5.
August 26, 2022
Business confidence came in at 109.4 in August, down from July's 110.7.
August 26, 2022
Consumer confidence rose to 98.3 in August from July's 94.8.
August 10, 2022
Consumer prices rose 0.44% over the previous month in July, coming in below June's 1.17% rise.
August 5, 2022
Industrial output decreased 2.1% month-on-month in seasonally-adjusted terms in June (May: -1.1% mom).