In January, consumer prices (including tobacco) rose 0.4% over the previous month, mirroring the result recorded in December and confirming the preliminary estimate, released on 4 February. Higher food prices were the main driver behind the monthly reading. Building on the monthly increase, annual inflation rose to 2.1% from 1.9% in December, matching market expectations. At the current level, annual headline inflation is at the highest level since December 2008. The core inflation index, which excludes more volatile categories such as non-processed food and energy, rose 0.1% over the previous month, halving December's 0.2% increase. As a consequence of the more moderate monthly increase, annual core inflation remained unchanged at December's 1.4%. Finally, annual average HICP inflation inched up to 1.7% from 1.6% in December. The Bank of Italy expects HICP inflation to average 2.1% this year, and 2.0% next year.
Inflation rises to two-year high
February 23, 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.