In March, consumer prices rose 0.3% over the previous month, which was up from the 0.1% rise recorded in February and marked the highest increase in seven months. The monthly rise was driven by higher prices for transport as well as for hotels and restaurants. Despite the March increase, annual inflation dropped from 1.9% in February to 1.7% in March, which represents the lowest inflation rate since September 2010. The core inflation index, which excludes more volatile categories such as unprocessed food and energy, rose 0.2% over the previous month, which was up from February's flat reading. However, annual core inflation fell from 1.5% in February to 1.4% in March. Finally, annual HICP inflation averaged 2.9% in March, which was down from the 3.1% recorded in February. FocusEconomics Consensus Forecast panellists expect inflation to average 2.1% in 2013, which is unchanged from the previous month's projection. For 2014, panellists expect inflation to average 1.8%.
Inflation slows to lowest level in more than two years
April 2, 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.