According to a preliminary estimate released by ISTAT on 31 August, consumer prices rose 0.3% in August, which was in line with the 0.3% increase recorded in July and slightly up from the 0.2% price rise recorded in the same month last year. Accordingly, annual inflation picked up from 2.7% in July to 2.8% in August, which was a notch above market expectations. The core inflation index, which excludes more volatile categories such as unprocessed food and energy, rose 0.3%, in line with a similar increase in July. Accordingly, annual core inflation was unchanged for a third consecutive month at 2.1%, the highest level since February 2009. Annual HICP inflation inched up from 2.1% in July to 2.2%. The Bank of Italy sees HICP inflation averaging 2.7% this year, before dropping to 1.9% next year.
Inflation picks up in August
August 31, 2011
Looking for forecasts related to Inflation in Italy? Download a sample report now.
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.