Italy: Fall in consumer prices eases in February
February 27, 2015
According to preliminary estimates, consumer prices rose 0.3% in February, which contrasted the 0.4% drop tallied in the previous month and overshot the 0.1% rise that the markets had expected. February’s increase mainly reflected higher prices for food and beverages, tobacco, and, to a lesser extent, services related to transport. In annual terms, consumer prices dropped 0.2% in February, which was above the record-low 0.6% drop tallied in January.
Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, increased 0.3% over the previous month in February. This contrasted the 0.2% drop recorded in January. Annual core inflation rose from January’s 0.3% to 0.6%. Finally, annual harmonized consumer prices swung from a 0.5% decline in January to a 0.1% rise in February.
Author: Cecilia Simkievich, Economist