Italy Inflation


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.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.2% in 2015, which is down 0.1 percentage points from the previous month’s projection. For 2016, panelists expect inflation to average 0.7%.

Author:, Economist

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Italy Inflation Chart

Italy Inflation March 2015

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

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