Italy Inflation February 2017

Italy

Italy: Inflation in February hits highest rate since September 2013

February 28, 2017

According to provisional data released by the National Statistical Institute (Istat), consumer prices grew 0.3% from the previous month in February, mirroring January’s reading. The figure mainly reflected higher prices for services related to transport, non-regulated energy products and for unprocessed food. Inflation came in at 1.5% in February, the highest reading since March 2013, accelerating from January’s 1.0% print.

Core consumer prices, which excludes more volatile categories such as unprocessed food and energy, increased 0.1% in February on a monthly basis; this contrasted January’s 0.1% decline. Core inflation was 0.6% in February, marginally up from January’s 0.5%. Finally, harmonized inflation came in at 1.6%, up from January’s 1.0% print and marking the highest reading in almost four years.

FocusEconomics Consensus Forecast panelists expect inflation of 1.0% in 2017, which is up 0.1 percentage points from last month’s projection. For 2018, panelists expect inflation to average 1.2%.


Author: Massimo Bassetti, Economist

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Italy Inflation February 2017 0

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


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