According to final data for November, consumer prices fell 0.3% over the previous month. The reading was below the 0.2% fall recorded in October and was driven by lower prices for transportation and accommodation. Annual inflation inched down from 0.8% in October to 0.7% in November, marking the lowest level since November 2009. The core inflation index, which excludes more volatile categories such as unprocessed food and energy, dropped 0.3% over the previous month in November (October: 0.0% month-on-month). Annual core inflation was unchanged at October's 1.2%. 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 1.3% in 2013, which is down 0.1 percentage points from the previous month's projection. For 2014, panelists expect inflation to average 1.3%, which is also down 0.1 percentage points from last month's projection.
Inflation inches down in November
December 12, 2013
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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) 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.