Italy Inflation May 2019

Italy

Italy: Inflation edges down in May

May 31, 2019

Consumer prices rose 0.1% month-on-month in May, following April’s 0.2% increase, according to provisional data released by the National Statistical Institute (ISTAT) on 31 May. The figure reflected higher prices for unprocessed food, and for non-regulated energy products, which more than offset lower prices for services related to transport—due to the end of the Easter holidays—and of services related to communication. Meanwhile, inflation came in at 0.9% in May, down from April’s 1.1%.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, were unchanged from the previous month in May, following April’s 0.6% increase. Meanwhile, core inflation inched down from April’s 0.6% to 0.5%, while harmonized inflation declined to 0.9% from April’s 1.1%.

FocusEconomics Consensus Forecast panelists expect inflation of 1.5% in 2019, which is unchanged from last month’s projection. For 2020, panelists expect inflation to average 1.7%.


Author: Massimo Bassetti, Economist

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Italy Inflation Chart


Italy Inflation May 2019

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


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