Italy Inflation January 2016


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%.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.1% in 2016, which is unchanged from last month’s projection. For 2017, panelists expect inflation to average 0.9%.

Author:, Economist

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Italy Inflation Chart

Italy Inflation January 2016

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

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