Core consumer prices in Italy increased 0.50 percent in July of 2019 over the same month in the previous year. Core Inflation Rate in Italy averaged 1.68 percent from 1997 until 2019, reaching an all time high of 3.06 percent in August of 2008 and a record low of 0.20 percent in October of 2016. In Italy, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items. This page provides the latest reported value for – Italy Core Inflation Rate – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.