Italy Inflation January 2019

Italy

Italy: Inflation falls in January on cooling energy prices

February 4, 2019

According to provisional data released by the National Statistical Institute (ISTAT) on 4 February, consumer prices rose 0.1% month-on-month in January, contrasting December’s 0.1% decline. The figure reflected higher prices for food and non-alcoholic beverages, as well as for housing, water, electricity, gas and other fuels, which more than offset lower prices for non-regulated energy products, and for clothing and footwear. Meanwhile, inflation came in at 0.9% in January, below December’s 1.1% print, and the lowest print since April 2018.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, remained unchanged from the previous month in January, following December’s 0.2% increase. Meanwhile, core inflation inched down to 0.5% in January from December’s 0.6%, and harmonized inflation decreased to 0.9% from December’s 1.2%.

Italy Inflation Forecast


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

Sample Report

Looking for forecasts related to Inflation in Italy? Download a sample report now.

Download

Italy Inflation Chart


Italy Inflation January 2019

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


Italy Economic News

  • Italy: Industrial production contracts again in December

    February 8, 2019

    Industrial output contracted 0.8% in December on a month-on-month, seasonally-adjusted basis, following November’s revised 1.7% contraction (previously reported: -1.6% month-on-month).

    Read more

  • Italy: Manufacturing sector starts the new year in dire conditions

    February 1, 2019

    The IHS Markit manufacturing Purchasing Managers’ Index (PMI) fell to 47.8 in January from December’s 49.2, marking the worst reading in close to six years.

    Read more

  • Italy: Economy falls into recession in Q4

    January 31, 2019

    Confirming the markets’ gloomiest predictions, Italy’s GDP contracted for the second consecutive quarter over the previous period in seasonally- and working-day adjusted terms in the last quarter of last year, according to an advance estimate released by the National Statistics Office (ISTAT) on 31 January.

    Read more

  • Italy: Business confidence gets gloomier at the start of the year

    January 30, 2019

    The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, market services and retail sectors—edged down to 99.2 points in January from December’s revised 99.7 points (previously reported: 99.8 points), marking the worst reading in nearly two years and a half. January’s reading was the result of deteriorating sentiment in the manufacturing, retail trade and market services sectors, which more than offset improved sentiment in the construction sector.

    Read more

More news

Search form