Inflation Italy 2022
Average inflation: 8.2%
Current Inflation
Inflation is very high at 8.2%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 11.8%. The lowest inflation was in January at 4.8%.
- Highest month
- October: 11.8%
- Lowest month
- January: 4.8%
- Difference
- 7.0 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 34.5%. The lowest price increase was in Communication with an average of -3.1%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 34.5%
- Lowest increase
- Communication: -3.1%
Historical Context
Current inflation is 5.9% higher than the 5-year average of 2.3%. This approaches the highest level since records began (8.2% in 2022).
- 5-year average
- 2.3%
- 10-year average
- 1.4%
- All-time high (2022)
- 8.2%
- All-time low (2020)
- -0.1%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +6.3 percentage point.
- Change vs. previous year
- +6.3 percentage points
- Largest monthly swing
- October: +8.8 percentage points
ECB Target
Inflation is 6.2% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €108.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 4.8% | +4.4 |
| February | 5.7% | +5.1 |
| March | 6.5% | +5.7 |
| April | 6.0% | +4.9 |
| May | 6.8% | +5.5 |
| June | 8.0% | +6.7 |
| July | 7.9% | +6.0 |
| August | 8.4% | +6.4 |
| September | 8.9% | +6.4 |
| October | 11.8% | +8.8 |
| November | 11.8% | +8.1 |
| December | 11.6% | +7.7 |
| Average | 8.2% |
Data source
Data from OECD. Last updated: 11/01/2026.