In October, consumer prices were flat over the previous month, mirroring the result recorded in September. Higher readings for education as well as for housing offset lower prices for communications as well as for hotels and restaurants. Annual inflation dropped from 3.2% in September to 2.6% in October, marking the lowest inflation since May 2011. The core inflation index, which excludes more volatile categories such as unprocessed food and energy, was also unchanged over the previous month, which was up from the 0.4% drop recorded in September. As a result, annual core inflation dropped from 1.9% in September to 1.5%. Finally, annual average HICP inflation in October was at 3.5%, which was a notch down from the 3.6% recorded in the previous month.
Inflation moderates to more than one-year low
November 13, 2012
Looking for forecasts related to Inflation in Italy? Download a sample report now.
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.