Inflation Italy 2020
Average inflation: -0.1%
Current Inflation
There is deflation with consumer prices declining by 0.1%.
Peak and Trough
The highest inflation was in January at 0.5%. The lowest inflation was in September at -0.6%.
- Highest month
- January: 0.5%
- Lowest month
- September: -0.6%
- Difference
- 1.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 1.9%. The lowest price increase was in Communication with an average of -4.8%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 1.9%
- Lowest increase
- Communication: -4.8%
Historical Context
Current inflation is 0.6% lower than the 5-year average of 0.5%.
- 5-year average
- 0.5%
- 10-year average
- 1%
- All-time high (2008)
- 3.4%
- All-time low (2020)
- -0.1%
Trend
Inflation shows a downward trend. Compared to 2019, inflation has fallen by +0.7 percentage point.
- Change vs. previous year
- -0.7 percentage points
- Largest monthly swing
- April: -1.1 percentage points
ECB Target
Inflation is 2.1% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €99.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 0.5% | -0.4 |
| February | 0.3% | -0.7 |
| March | 0.1% | -0.9 |
| April | 0.0% | -1.1 |
| May | -0.2% | -1.0 |
| June | -0.2% | -0.9 |
| July | -0.4% | -0.8 |
| August | -0.5% | -0.9 |
| September | -0.6% | -0.9 |
| October | -0.3% | -0.5 |
| November | -0.2% | -0.4 |
| December | -0.2% | -0.7 |
| Average | -0.1% |
Data source
Data from OECD. Last updated: 13/01/2026.