Italy: Inflation hits highest rate since September 2013 in January
February 6, 2017
According to provisional data released by the National Statistical Institute (Istat), consumer prices grew 0.2% from the previous month in January, down from December’s 0.4% increase. The figure mainly reflected higher prices for services related to regulated energy products, non-regulated energy products and for unprocessed food. Inflation came in at 0.9% in January, the highest reading since September 2013, accelerating from December’s 0.5% reading.
Core consumer prices, which excludes more volatile categories such as unprocessed food and energy, declined 0.1% in January on a monthly basis, which contrasted December’s 0.3% increase. Core inflation was 0.5% in January, marginally down from December’s 0.6%. Finally, harmonized inflation came in at 0.7%, up from December’s 0.5% print and the highest reading in more than three years.