Italy - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Italy was 112.54 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 112.54 in 2021 and a minimum value of 4.15 in 1960.

Definition: Consumer price index reflects changes 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. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 4.15
1961 4.23
1962 4.43
1963 4.76
1964 5.04
1965 5.27
1966 5.39
1967 5.60
1968 5.67
1969 5.82
1970 6.11
1971 6.40
1972 6.77
1973 7.50
1974 8.94
1975 10.45
1976 12.19
1977 14.27
1978 16.00
1979 18.37
1980 22.24
1981 26.23
1982 30.56
1983 35.03
1984 38.81
1985 42.39
1986 44.86
1987 46.99
1988 49.36
1989 52.45
1990 55.84
1991 59.33
1992 62.46
1993 65.35
1994 67.99
1995 71.55
1996 74.42
1997 75.94
1998 77.43
1999 78.71
2000 80.71
2001 82.96
2002 85.00
2003 87.28
2004 89.20
2005 90.97
2006 92.87
2007 94.57
2008 97.74
2009 98.50
2010 100.00
2011 102.78
2012 105.91
2013 107.20
2014 107.46
2015 107.50
2016 107.40
2017 108.71
2018 109.95
2019 110.62
2020 110.47
2021 112.54

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices