Italy Inflation


Italy: Annual consumer prices grow steadily in June

July 2, 2015

According to preliminary estimates, consumer prices rose 0.1% in June over the previous month, mirroring May’s result. The reading was in line with market expectations. The steady growth mainly reflected that lower prices for services related to transport have been offset by higher prices for industrial goods. In annual terms, consumer prices increased 0.1% in June, mirroring May’s result as well.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, grew 0.1% in June over the previous month, which was the same growth as in May. Core inflation also grew steadily in June, at May’s 0.6%. Finally, annual harmonized consumer prices rose 0.2% in June, which mirrored May’s reading.

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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Italy Inflation Chart

Italy Inflation June 2015

Note: Year-on-year and month-on-month var. of consumer price index in %.
Source: National Statistical Institute (Istat).

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