Introduction section Planned Inflation Rate (TIP)

Planned Inflation Rate (TIP)

Programmed inflation rate (Tip) and consumer price index for clerical and factory workers (F.o.i. , net of tobacco products)
Year Planned Inflation Rate (average percentage change per year) FOI Consumer Price Index (average percentage change per year) Difference (percentage points)
2023 4,3 (n)    
2022 7,1 (m)    
2021 0.5 (l) 1.9 1.4
2020 -0.2 (k) -0.3 -0.1
2019 1,2 (j) 0,5 -0,7
2018 1 (i) 1,1 0,1
2017 1,2 (h) 1,1 -0,1
2016 0,2 (g) -0,1 -0,3
2015 0,2 (g) -0,1 -0,3
2014 0,2 (f) 0,2 -
2013 1,5 1,1 -0,4
2012 1,5 3,0 1,5
2011 2,0 (e) 2,7 0,7
2010 1,5 1,6 0,1
2009 0,7 (d) 0,7 -
2008 1,7 3,2 1,5
2007 2,0 1,7 -0,3
2006 1,7 2,0 0,3
2005 1,6 1,7 0,1
2004 1,7 2,0 0,3
2003 1,4 2,5 1,1
2002 1,7 2,4 0,7
2001 1,7 2,7 1,0
2000 2,3 (c) 2,6 0,3
1999 1,3 (b) 1,6 0,3
1998 1,8 1,8 -
1997 2,5 1,7 -0,8
1996 3,5 3,9 0,4
1995 4,2 (a) 5,4 1,2
1994 3,5 3,9 0,4
1993 3,5 4,2 0,7
1992 4,5 5,4 0,9
1991 5,8 6,4 0,6
1990 5,0 6,1 1,1
1989 5,8 6,6 0,8
1988 4,5 5,0 0,5
1987 4,0 4,6 0,6
1986 6,0 6,1 0,1
1985 7,0 8,6 1,6
1984 10,0 10,6 0,6
1983 13,0 15,0 2,0
1982 16,0 16,3 0,3

 

  • (a) The planned inflation rate for 1995 was changed at the time of the "Report on the performance of the economy in 1994 and updated for the forecast for 1995".
     
  • (b) The planned inflation rate for 1999 was changed at the time of the "Report on the performance of the economy in 1998 and updated for the forecast for 1999".
     
  • (c) The planned inflation rate for 2000 was changed from 1.2% to 2.3% at the time of the "2001-2004 Economic-Financial Planning Document " (June 2000).
     
  • (d) The planned inflation rates for 2009-2010 were revised at the time of the “Combined Report on the Economy and Public Finance” (April 2009).
     
  • (e) The planned inflation rate for 2011 was changed from 1.5% to 2.0% upon the presentation of the "Update to the 2011 Economic and Financial Document" (September 2011).
     
  • (f) The planned inflation rates were changed from 1.5% to 0.2% for 2014 and from 1.5% to 0.6% for 2015 upon the presentation of the "Update to the 2014 Economic and Financial Document" (September 2014). The planned inflation rate for 2015 was changed from 0.6% to 0.3% upon the presentation of the "Economic and Financial Document 2015" (April 2015), and confirmed in the "Update to the 2015 Economic and Financial Document" (September 2015).
     
  • (g) The planned inflation rates were changed from 0.3% to 0.2% for 2015 and from 1.0% to 0.2% for 2016 upon the presentation of the "Economic and Financial Document 2016" (April 2016) in respect to the "Update to the 2015 Economic and Financial Document" (September 2015).
     
  • (h) The planned inflation rates were changed from 1.5% to 0.9% for 2017 upon the presentation of the"Update to the 2016 Economic and Financial Document" (September 2016) with respect to the "Economic and Financial Document 2016" (April 2016). The planned inflation rate was changed from 0.9% to 1.2% for 2017 upon the presentation of the "Economic and Financial Document 2017" (April 2017) with respect to the "Update to the 2016 Economic and Financial Document" (September 2016).
     
  • (i) Upon the presentation of the "Economic and Financial Document 2017" (April 2017) the planned inflation rate has been projected to 1.7% for 2018. The "Update to the 2017 Economic and Financial Document" (September 2017) confirmed the inflation rates for 2018. Upon the presentation of the "Economic and Financial Document 2018" (April 2018) the planned inflation rate for 2018 was changed to 1.0% from 1.7% planned into the "Update to the 2017 Economic and Financial Document" (September 2017).
     
  • (j) Upon the presentation of the "Update of the Economic and Financial Document 2018" (September 2018) the planned inflation rate has been projected to 1.2% for 2019.
     
  • (k) Upon the presentation of the "Draft Budgetary Plan 2020" (October 2019) the planned inflation rate for 2020 has been projected to 0.8%. The planned inflation rate for 2020 was changed from 0.8% to -0.2% upon the presentation of the "Economic and Financial Document 2020" (April 2020).
     
  • (l) Upon the presentation of the "Update to the Economic and Financial Document 2020" (October 2020) the planned inflation rate has been projected to 0.5% for 2021.
     
  • (m) Upon the presentation of the "Update to the Economic and Financial Document 2021" (September 2021) the planned inflation rate has been projected to 1.5% for 2022. The planned inflation rate for 2022 was changed from 1.5% to 5.4% upon the presentation of the "Economic and Financial Document 2022" (April 2022). In September 2022, upon the presentation of the "Update to the Economic and Financial Document 2022" the planned inflation rate for 2022 was changed from 5.4% to 7.1%.
     
  • (n) Upon the presentation of the "Update to the Economic and Financial Document 2022" (September 2022) the planned inflation rate has been projected to 4.3% for 2023.

 

Source: for the actual rates: ISTAT data; for the planned inflation rates: planning documents (RPP, RUEF, DPEF, DEF. And Update to the DEF, DBP)

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