Italy Inflation

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Italy: Inflation inches up in November 2014

November 28, 2014

According to a preliminary estimate for November, consumer prices fell 0.2% over the previous month, which contrasted the 0.1% increase recorded in October. The figure didn’t reach the 0.4% drop markets had expected and was driven by lower prices for energy and transport. Consumer prices rose 0.2% over the same month last year, which followed the 0.1% increase observed in October and marked the highest value 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 0.2%. In addition, annual HICP inflation was unchanged at October’s 0.3%, which had marked the lowest level on record.

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

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


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