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.
Author: Dirina Mançellari, Senior Economist