Italy Inflation


Inflation edges down in November

According to provisional data for November, consumer prices fell 0.4% over the previous month. The reading was below the 0.2% fall recorded in October. November's drop was driven by lower prices for transportation and accommodation. Annual inflation fell from 0.8% in October to 0.6% in November, marking the lowest level since October 2009.

The core inflation index, which excludes more volatile categories such as unprocessed food and energy, edged down from a flat reading in October to a 0.2% fall in November. Annual core inflation inched up from a 1.2% increase in October to a 1.3% rise in November. Finally, annual HICP inflation averaged 1.4% in November, which was down from the 1.6% recorded in October.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2013, which is unchanged from the previous month's projection. For 2014, panelists expect inflation to average 1.4%, which is down 0.1 percentage points from last month's projection.

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Italy Inflation Chart

Italy Inflation November 2013

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

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