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