Italy: Consumer prices rise for the first time in four months in May, in annual terms
April 29, 2015
According to preliminary estimates, consumer prices rose 0.2% in May over the previous month, mirroring April’s increase. The reading overshot market expectations of a 0.1% rise. May’s increase mainly reflected higher prices for transport and restaurants, which were partially offset by a decline in the price of communication. In annual terms, consumer prices rose 0.2% in May, which contrasted the 0.1% fall tallied in April and marked the end of four consecutive months of price decreases.
Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, rose 0.1% over the previous month in May. This came in below the 0.3% rise recorded in April. Annual core inflation increased from April’s 0.3% to 0.6%. Finally, annual harmonized consumer prices swung from a 0.1% decrease in April to a 0.2% increase in May.
Author: Eric Denis , Economist