Inflation Italy 2021
Average inflation: 1.9%
Current Inflation
Inflation is low at 1.9%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in December at 3.9%. The lowest inflation was in January at 0.4%.
- Highest month
- December: 3.9%
- Lowest month
- January: 0.4%
- Difference
- 3.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Housing, water, electricity, gas and other fuels with an average of 7.0%. The lowest price increase was in Education with an average of -2.9%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 7.0%
- Lowest increase
- Education: -2.9%
Historical Context
Current inflation is 1.0% higher than the 5-year average of 0.9%.
- 5-year average
- 0.9%
- 10-year average
- 0.9%
- All-time high (2008)
- 3.4%
- All-time low (2020)
- -0.1%
Trend
Inflation shows an upward trend. Compared to 2020, inflation has risen by +2.0 percentage point.
- Change vs. previous year
- +2.0 percentage points
- Largest monthly swing
- December: +4.1 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 0.4% | -0.1 |
| February | 0.6% | +0.3 |
| March | 0.8% | +0.7 |
| April | 1.1% | +1.1 |
| May | 1.3% | +1.5 |
| June | 1.3% | +1.5 |
| July | 1.9% | +2.3 |
| August | 2.0% | +2.5 |
| September | 2.5% | +3.1 |
| October | 3.0% | +3.3 |
| November | 3.7% | +3.9 |
| December | 3.9% | +4.1 |
| Average | 1.9% |
Data source
Data from OECD. Last updated: 11/01/2026.