Italy Inflation August 2019


Italy: Inflation inches up in August

August 30, 2019

Consumer prices jumped 0.5% month-on-month in August, following July’s flat reading, according to provisional data released by the National Statistical Institute (ISTAT) on 30 August. The figure reflected higher prices for services related to communication, transport, and recreation and culture, influenced by seasonal factors. Meanwhile, inflation inched up to 0.5% in August, from July’s 0.4%, which had marked the lowest reading since April 2018.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, rose 0.6% from the previous month in August, following July’s 0.3% increase. Meanwhile, core inflation inched up from July’s 0.5% to 0.6%, while harmonized inflation rose to 0.5% from July’s 0.3%.

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 August 2019

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

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