Italy Inflation


Italy: Annual consumer prices decline for the fourth consecutive month in April

May 13, 2015

Consumer prices rose 0.2% in April over the previous month, which was slightly below the preliminary estimate of 0.3% released by the National Statistical Institute on 30 April. April’s print came in just above the 0.1% increase tallied in March and undershot market expectations of a 0.3% increase. The mild increase mainly reflected lower prices for energy products, which were partially offset by seasonal increases in prices of services related to recreation and transport. In annual terms, consumer prices dropped 0.1% in April, which mirrored March’s reading.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, grew 0.3% over the previous month in April and came in above the flat reading recorded in March. Annual core inflation eased from March’s 0.4% to 0.3%. Finally, annual harmonized consumer prices decreased by 0.1% in April, which was down from the zero growth observed in March.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.1% in 2015, which is unchanged from last month’s projection. For 2016, panelists expect inflation to average 0.9%.

Author:, Economist

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