In November, consumer prices dropped 0.1% over the previous month, which contrasted the 0.6% increase recorded in October and was also down from the flat reading recorded in the same month last year. The result was influenced by the high comparison base from October, which was the result of the increase in value-added tax (VAT) to 21%, effective from 17 September. Accordingly, annual inflation eased from 3.4% in October to 3.3% in November, in line with market expectations. The core inflation index, which excludes more volatile categories such as unprocessed food and energy, contracted 0.2% over the previous month. As a result of the monthly drop, annual core inflation inched down from 2.5% in October to 2.4% in November. Finally, annual average HICP inflation edged up from 2.6% in October to 2.8% in November. The Bank of Italy sees HICP inflation averaging 2.7% this year, before dropping to 1.9% next year.
Inflation inches down in November
December 15, 2011
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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.