Italy: Inflation eases in January
February 3, 2016
According to preliminary estimates, consumer prices fell 0.2% in January over the previous month, which followed December’s zero growth. The result undershot market expectations of a flat reading. The fall mainly reflected significant decreases in energy products and services related to recreation. However, inflation accelerated from December’s 0.1% to 0.3% in January, which marked a three-month high.
Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, recorded zero growth in January over the previous month, which followed December’s 0.1% increase. Core inflation tallied 0.8% in January (December: 0.6%). Finally, annual harmonized inflation came in at 0.4% in January, which was above December’s 0.1%.
Author: Eric Denis , Economist