According to a preliminary estimate released by Istat on 31 August, consumer prices rose 0.4% over the previous month in August, which was above the 0.1% increase recorded in July. Higher prices for transport as well as for communications were the main drivers of the monthly increase. As a result of the monthly reading, annual inflation inched up from 3.1% in July to 3.2% in August. The core inflation index, which excludes more volatile categories such as unprocessed food and energy, also rose 0.4% over the previous month, up from the 0.3% increase recorded in July. Despite the monthly pick-up, annual core inflation inched down from 2.2% in July to 2.1%. Finally, annual average HICP inflation inched up from 3.5% in July to 3.6%.
Inflation speeds up in August
August 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) consumer confidence index decreased from August’s revised 109.1 points (previously reported: 109.2) to 108.7 points in September, undershooting market expectations of a 109.1 reading and marking the worst result since July 2015. September’s reading reflected a deterioration in households’ assessments of their personal economic and general economic expectations for the future, with the latter hitting the worst result in two and a half years.