Italy: Inflation hits highest rate since May 2014 in December
January 16, 2017
According to revised data released by the National Statistical Institute (Istat), consumer prices in Italy grew 0.4% from the previous month in December, contrasting November’s 0.1% drop and marking the highest result since February 2015. The figure mainly reflected higher prices for services related to transport, non-regulated energy and for unprocessed food. Inflation came in at 0.5% in December, the highest reading since May 2014, accelerating from November’s 0.1% reading.
Core consumer prices, which excludes more volatile categories such as unprocessed food and energy, increased 0.3% in December on a monthly basis, which contrasted November’s 0.3% fall. Core inflation was 0.6% in December, up from November’s 0.4%. Finally, harmonized inflation came in at 0.5%, up from November’s 0.1% print and the highest reading since April 2014.