Italy: Inflation accelerates slightly in October
October 30, 2015
According to preliminary estimates, consumer prices rose 0.2% in October over the previous month, contrasting September’s 0.4% decrease. The reading slightly overshot market expectations of a softer 0.1% increase. The rebound mainly reflected significant increases in prices of unprocessed food and prices of services related to recreation. Inflation rose from September’s 0.2% to 0.3% in October, which marked the highest reading since June 2014.
Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, rose 0.1% in October over the previous month, contrasting September’s 0.4% decrease. Core inflation tallied 0.9% in October (September: 0.9%). Finally, annual harmonized inflation rose 0.3% in October, which was above September’s 0.2% increase.
Author: Eric Denis , Economist