According to a preliminary estimate released by ISTAT on 31 May, consumer prices were unchanged over the previous month, which was below the 0.5% increase recorded in April and market expectations of a 0.1% rise. Higher prices for housing as well as for food and non-alcoholic beverages were offset by lower prices for transport and communication. As a result, annual inflation inched down from 3.3% in April to 3.2% in May. The core inflation index, which excludes more volatile categories such as unprocessed food and energy, dropped 0.1% over the previous month. Meanwhile, annual core inflation inched down from 2.3% in April to 2.2% in May. Finally, annual average HICP inflation was unchanged at April's 3.3%. The Bank of Italy currently expects HICP inflation to average 3.1% this year, before dropping to 2.4% next year.
Inflation moderates in May
May 31, 2012
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Italy Inflation Chart
Note: Year-on-year and month-on-month var. of consumer price index in %.
Source: National Statistical Institute (Istat).
Italy Economic News
October 14, 2016
According to revised data released by the Italian Statistical Institute (ISTAT), consumer prices fell 0.2% from the previous month in September.
October 10, 2016
In August, industrial output increased 1.7% from the previous month, accelerating from July’s revised 0.7% increase (previously reported: +0.4% month-on-month).
October 3, 2016
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose from 49.8 in August to 51.0 in September, taking it above the 50-threshold that separates expansion from contraction in the manufacturing sector. September’s result mainly reflected a return to growth in new orders, which, in the previous month, had dropped slightly for the first time in over one-and-a-half years.
September 30, 2016
According to provisional data released by the Italian Statistical Institute (ISTAT), consumer prices fell 0.2% over the previous month in September, contrasting August’s 0.2% increase and marking the lowest result in seven months.
September 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, increased from a revised 99.5 in August (previously reported: 99.4) to 101.0 in September. All four categories of the indicator improved compared to August.