Italy: Inflation at over three-year low in April on falling energy prices
May 15, 2020
Consumer prices rose 0.1% from the previous month in April, matching the 0.1% rise logged in March. Looking at the details of the release, prices for food and non-alcoholic beverages increased notably in April, more than offsetting lower prices for utilities, fuels and transport. Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, jumped 0.6% from the previous month in April, following March’s softer 0.3% increase.
Consumer prices in annual terms were virtually unchanged in April, following March's 0.1% inflation reading. April's figure marked the lowest print since October 2016. Meanwhile, the trend was unchanged with annual average inflation coming in at March's 0.4% in April. Lastly, core inflation was also stable at March’s 0.7% in April.