Italy Inflation July 2018


Italy: Inflation hits over one-year high in July

July 31, 2018

According to provisional data released by the National Statistical Institute (ISTAT) on 31 July, consumer prices rose 0.3% month-on-month in July, up from June’s 0.2% increase. The figure mainly reflected higher prices for non-regulated energy products and services related to recreation, which were partially offset by lower prices for unprocessed food. Meanwhile, inflation came in at 1.5% in July, above June’s 1.3% print and the highest figure in over one year.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, grew 0.2% month-on-month in July, matching June’s rise. Meanwhile, core inflation inched down to 0.7% in July, from June’s 0.8%; while harmonized inflation rose to 1.9% (June: 1.4%).

Italy Inflation Forecast

FocusEconomics Consensus Forecast panelists expect inflation of 1.4% in 2018, which is unchanged from last month’s projection. For 2019, panelists expect inflation to average 1.5%.

Author: Massimo Bassetti, Senior Economist

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Italy Inflation Chart

Italy Inflation July 2018

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

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