Italy Inflation

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Italy: Inflation inches up in November

December 12, 2014

According to more detailed data for November, consumer prices fell 0.2% over the previous month, which contrasted the 0.1% increase recorded in October and met the preliminary estimate. The figure was driven by lower prices for energy and services. Annual headline inflation inched up from 0.1% in October to 0.2% in November, thus marking the highest rate in five months.

Core consumer prices, which exclude more volatile categories, such as unprocessed food and energy, fell 0.3% in November over the previous month, which contrasted the 0.1% increase recorded in October. Annual core inflation was stable at October’s 0.5% in November. Finally, annual HICP inflation averaged a record low 0.3% in November, which matched the previous month’s result.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.2% in 2014, which is down 0.1 percentage points from the previous month’s projection. For 2015, panelists expect inflation to average 0.7%, which is unchanged from last month’s Consensus.


Author:, Senior Economist

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Italy Inflation Chart


Italy Inflation November 2014 0

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


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