Italy: Consumer prices record second consecutive annual drop in March
March 31, 2016
According to preliminary estimates, consumer prices rose 0.2% in March over the previous month, which contrasted February’s 0.2% decrease and marked the highest reading in five months. The reading overshot market expectations of a weaker 0.1% increase. The fall mainly reflected, as in the last month, decreases in prices of non-regulated energy products. Consumer prices fell to 0.2% in March on an annual basis from February’s 0.3% decline.
Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, increased 0.1% in March, which followed February’s flat reading. Core inflation tallied 0.6% in March (February: 0.5%). Finally, harmonized consumer prices fell by 0.3% over the same month last year was below February’s 0.2% decline.