Italy Inflation September 2019


Italy: Inflation at close to three-year low in September

October 16, 2019

Consumer prices fell a revised 0.6% month-on-month in September (previously reported: -0.5% month-on-month), contrasting August’s 0.4% increase, according to revised data released by the National Statistical Institute (ISTAT) on 16 October. The figure mainly reflected lower prices for services related to transport, influenced by seasonal factors. Meanwhile, inflation dipped to 0.3% (previously reported: 0.4%) from August’s 0.4%, marking the lowest reading since November 2016.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, dropped 0.6% from the previous month in September, swinging from August’s 0.5% increase. Meanwhile, core inflation inched up from August’s 0.5% to 0.6%, while harmonized inflation fell to 0.2% from August’s 0.5%.

FocusEconomics Consensus Forecast panelists expect inflation of 1.5% in 2019, which is unchanged from last month’s projection. For 2020, panelists expect inflation to average 1.7%.

Author: Massimo Bassetti, Senior Economist

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Italy Inflation Chart

Italy Inflation September 2019 0

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

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