Italy Inflation September 2017

Italy

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%.

FocusEconomics Consensus Forecast panelists expect inflation of 1.0% in 2017, which is up 0.1 percentage points from last month’s projection. For 2018, panelists expect inflation to average 1.2%.


Author: Massimo Bassetti, Economist

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Italy Inflation September 2017

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


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