Italy Inflation October 2016

Italy

Italy: Annual variation in consumer prices turns negative in October

According to provisional data released by the Italian Statistical Institute (ISTAT), consumer prices remained flat over the previous month in October, following September’s 0.2% decrease. The figure mainly reflected almost stable prices for most types of product, as well as higher prices for non-regulated energy products offsetting lower prices for services related to transport. Consumer prices fell 0.1% in October on an annual basis, reverting September’s 0.1% increase and returning to negative territory.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, dropped 0.2% in October on a monthly basis, which represented a softer drop than September’s 0.3% fall. Core inflation was 0.2% in October (September: 0.5%), marking the lowest result on record. Finally, harmonized consumer prices decreased 0.1% from the same month last year, which contrasted September’s 0.1% rise.

FocusEconomics Consensus Forecast panelists expect inflation to stay flat in 2016, which is unchanged from last month’s projection. For 2017, panelists expect inflation to average 1.0%, which is also unchanged from last month’s forecast.


Sample Report

Looking for forecasts related to Inflation in Italy? Download a sample report now.

Download

Italy Inflation Chart


Italy Inflation October 2016

Note: Year-on-year and month-on-month var. of consumer price index in %.
Source: National Statistical Institute (Istat).


Italy Economic News

  • Italy: Economy accelerates in Q3

    December 1, 2016

    In Q3 2016, GDP grew 0.3% over the previous quarter in seasonally- and working-day adjusted terms, according to detailed data released by the National Statistics Office (Istat) on 1 December.

    Read more

  • Italy: PMI rises in November

    December 1, 2016

    The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose from 50.9 in October to a five-month-high of 52.2 in November.

    Read more

  • Italy: Inflation resurfaces in November

    November 30, 2016

    According to provisional data released by the National Statistical Institute (Istat), consumer prices in Italy fell 0.1% over the previous month in November, mirroring October’s reading.

    Read more

  • Italy: Consumer confidence stays virtually unchanged in November

    November 28, 2016

    The National Institute of Statistics’ (Istat) consumer confidence index decreased marginally from October’s 108.0 points to 107.9 points in November, marking the worst result in 16 months. November’s reading reflected a moderate deterioration in households’ assessments of both the current economic situation and their general economic expectations for the future, with the latter recording the worst result in over two and a half years.

    Read more

  • Italy: Business confidence decreases slightly in November

    November 28, 2016

    The National Institute of Statistics’ (Istat) composite business confidence indicator (IESE, Istat Economic Sentiment Indicator), which covers the manufacturing, construction, service and retail sectors, dropped from a revised 101.7 in October (previously reported: 102.4) to 101.4 in November. Three out of the four categories of the indicator deteriorated compared to October: manufacturing, services and construction.

    Read more

More news

Search form