Italy Inflation April 2019

Italy

Italy: Inflation inches up in April

May 16, 2019

Consumer prices rose 0.2% month-on-month in April, following March’s 0.3% increase, according to revised data released by the National Statistical Institute (ISTAT) on 16 May. The figure reflected higher prices for transport, services related to recreation, and non-regulated energy products, which more than offset lower prices for regulated energy products, and unprocessed food. Meanwhile, inflation came in at 1.1% in April, up from March’s 1.0%.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, jumped 0.6% from the previous month in April, following March’s 0.3% increase. Meanwhile, core inflation rose from March’s 0.4% to 0.6%, while harmonized inflation inched up to 1.2% from March’s 1.1%.

FocusEconomics Consensus Forecast panelists expect inflation of 1.5% in 2019, which is unchanged from last month’s projection. For 2020, panelists expect inflation to average 1.7%.


Author: Massimo Bassetti, Economist

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Italy Inflation Chart


Italy Inflation April 2019 0

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


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