Italy Inflation Rate 1960-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Italy inflation rate for 2023 was 5.62%, a 2.58% decline from 2022.
  • Italy inflation rate for 2022 was 8.20%, a 6.33% increase from 2021.
  • Italy inflation rate for 2021 was 1.87%, a 2.01% increase from 2020.
  • Italy inflation rate for 2020 was -0.14%, a 0.75% decline from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Hungary 17.13%
Palau 12.80%
Poland 11.53%
Czech Republic 10.66%
Slovak Republic 10.53%
Barbados 9.79%
Estonia 9.16%
Lithuania 9.12%
Latvia 8.94%
Iceland 8.74%
Sweden 8.55%
Croatia 7.94%
Austria 7.81%
Chile 7.58%
Slovenia 7.45%
United Kingdom 6.79%
Ireland 6.30%
Finland 6.25%
Germany 5.95%
Uruguay 5.87%
New Zealand 5.73%
Italy 5.62%
Australia 5.60%
Norway 5.52%
Malta 5.09%
Antigua and Barbuda 5.07%
France 4.88%
Singapore 4.82%
Trinidad and Tobago 4.63%
Portugal 4.31%
Israel 4.23%
United States 4.12%
Belgium 4.05%
Canada 3.88%
Netherlands 3.84%
Luxembourg 3.74%
Kuwait 3.64%
South Korea 3.60%
St. Kitts and Nevis 3.56%
Cyprus 3.54%
Spain 3.53%
Greece 3.46%
Denmark 3.31%
Japan 3.27%
Bahamas 3.05%
Qatar 3.03%
Saudi Arabia 2.33%
Switzerland 2.14%
Hong Kong 2.10%
Panama 1.49%
Oman 0.94%
Brunei 0.36%
Bahrain 0.07%
Seychelles -1.04%
Italy Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2023 5.62% -2.58%
2022 8.20% 6.33%
2021 1.87% 2.01%
2020 -0.14% -0.75%
2019 0.61% -0.53%
2018 1.14% -0.09%
2017 1.23% 1.32%
2016 -0.09% -0.13%
2015 0.04% -0.20%
2014 0.24% -0.98%
2013 1.22% -1.82%
2012 3.04% 0.26%
2011 2.78% 1.26%
2010 1.53% 0.75%
2009 0.77% -2.57%
2008 3.35% 1.52%
2007 1.83% -0.26%
2006 2.09% 0.11%
2005 1.99% -0.22%
2004 2.21% -0.47%
2003 2.67% 0.21%
2002 2.47% -0.32%
2001 2.79% 0.25%
2000 2.54% 0.87%
1999 1.66% -0.29%
1998 1.96% -0.09%
1997 2.04% -1.96%
1996 4.01% -1.23%
1995 5.24% 1.18%
1994 4.05% -0.57%
1993 4.63% -0.64%
1992 5.27% -0.98%
1991 6.25% -0.21%
1990 6.46% 0.20%
1989 6.26% 1.20%
1988 5.06% 0.31%
1987 4.75% -1.08%
1986 5.82% -3.38%
1985 9.21% -1.59%
1984 10.79% -3.85%
1983 14.65% -1.83%
1982 16.48% -1.49%
1981 17.97% -3.09%
1980 21.06% 6.27%
1979 14.80% 2.70%
1978 12.09% -5.04%
1977 17.13% 0.52%
1976 16.61% -0.34%
1975 16.95% -2.21%
1974 19.16% 8.36%
1973 10.80% 5.05%
1972 5.75% 0.96%
1971 4.79% -0.18%
1970 4.97% 2.31%
1969 2.66% 1.38%
1968 1.28% -2.46%
1967 3.73% 1.39%
1966 2.35% -2.17%
1965 4.52% -1.39%
1964 5.91% -1.54%
1963 7.45% 2.76%
1962 4.69% 2.64%
1961 2.05% -0.30%
1960 2.35% -0.30%