In June, consumer prices rose 0.2% over the previous month, which was above the flat reading recorded in May and confirmed the preliminary estimate released by ISTAT on 28 June. Higher prices for food and non-alcoholic beverages 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 3.2% in May to 3.3% in June. The core inflation index, which excludes more volatile categories such as unprocessed food and energy, rose 0.3% over the previous month, contrasting the 0.1% drop recorded in May. Despite the monthly pick-up, annual core inflation was unchanged at May's 2.2%. Nevertheless, annual average HICP inflation inched up from 3.3% in May to 3.4%. In its July Bulletin, the Bank of Italy updated its forecasts and currently sees HICP inflation averaging 3.0% this year, slightly down from the previously expected 3.1%, before dropping to 1.8% next year (previously expected: +2.4%).
Inflation edges up in June
July 24, 2012
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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.