Italy Inflation June 2018

Italy

Italy: Inflation continues to rise in June

June 28, 2018

According to provisional data released by the National Statistical Institute (ISTAT) on 28 June, consumer prices rose 0.3% month-on-month in June, mirroring May’s reading. The figure mainly reflected higher prices for non-regulated energy products and transport, which were partially offset by lower prices for communications. Meanwhile, inflation came in at 1.4% in June, above the previous month’s 1.0% print and the highest figure in over one year.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, grew 0.3% month-on-month in June, above May’s 0.1% rise. Meanwhile, core inflation was 0.9% in June, marginally up from May’s 0.8%. Finally, harmonized inflation came in at 1.5% (May: 1.0%).

FocusEconomics Consensus Forecast panelists expect inflation of 1.4% in 2018, which is unchanged from last month’s projection. For 2019, panelists expect inflation to average 1.5%.


Author: Massimo Bassetti, Economist

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Italy Inflation June 2018

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


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