Italy: Inflation hits highest level since June 2019 in February
March 16, 2021
Consumer prices rose 0.10% in February over the previous month, which was below the 0.68% increase recorded in January. The cooling of price pressures was primarily due to falling prices for food and non-alcoholic beverages. In addition, price pressures for transportation also grew at a softer rate.
Inflation edged up to 0.6% in February, above January’s 0.4%, marking the highest reading since June 2019. Meanwhile, the trend was unchanged with the annual average variation of consumer prices coming in at January's minus 0.1% in February. Lastly, core inflation ticked up to 0.9% from January’s 0.8%, while harmonized inflation clocked in at 1.0% (January: 0.7%), which marked the highest result since April 2019.
Author: Hanna Andersson, Economist