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.
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.
