Italy: Consumer prices drop again in March
April 1, 2015
According to preliminary estimates, consumer prices rose 0.1% in March, which came in below the 0.4% increase tallied in the previous month and was in line with market expectations. March’s increase mainly reflected higher prices for energy products, which were partially offset by a decline in the price of fresh vegetables. In annual terms, consumer prices dropped 0.1% in March, which mirrored February’s reading.
Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, posted a flat reading over the previous month in March. This came in below the 0.3% rise recorded in February. Annual core inflation eased from February’s 0.6% to 0.4%. Finally, annual harmonized consumer prices swung from a 0.1% increase in February to a 0.1% decrease in March.
Author: Cecilia Simkievich, Economist