Italy: Inflation eases in September on slower growth in prices of transport and regulated energy products
September 29, 2017
According to provisional data released by the National Statistical Institute (Istat), consumer prices dropped 0.3% on a monthly basis in September, contrasting August’s 0.3% increase. The figure mainly reflected lower prices for services related to transport and recreation, which partly reflected seasonal factors. Meanwhile, inflation came in at 1.1% in September, decelerating further from the previous month’s 1.2% print.
Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, fell 0.4% in September on a monthly basis, contrasting August’s 0.4% rise. Core inflation was 0.9% in September, marginally below August’s 1.0%. Finally, harmonized inflation came in at 1.3%, a notch below August’s 1.4%.