Italy Inflation

Italy

Italy: Inflation eases in November

November 30, 2015

According to preliminary estimates, consumer prices fell 0.4% in November over the previous month, contrasting October’s 0.2% increase. The reading marked a multi-year low and undershot market expectations of a flat reading. The fall mainly reflected significant decreases in prices of services related to recreation and to transport. Inflation slowed from October’s 0.3% to 0.1% in November, which marked a six-month low.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, fell 0.6% in November over the previous month, contrasting October’s 0.1% increase. Core inflation tallied 0.6% in November (October: 0.9%). Finally, annual harmonized inflation came in at 0.1% in November, which was below October’s 0.3%.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.1% in 2015, which is unchanged from last month’s projection. For 2016, panelists expect inflation to average 0.9%, which is also down 0.1 percentage points for last month’s forecast.


Author:, Economist

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Italy Inflation Chart


Italy Inflation November 2015

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


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