Italy Inflation

Italy

Italy: Inflation picks up in October

October 31, 2014

According to preliminary data for October, consumer prices rose 0.1% over the previous month, which contrasted the 0.4% drop recorded in September and marked the highest value since August. The result was driven by higher prices for gas and electricity. Consumer prices rose 0.1% over the same month last year, which contrasted the 0.2% drop observed in the previous month. September’s result had marked the second consecutive annual drop in consumer prices since 1959. October’s increase contrasted the 0.1% drop the marked had expected.

Core consumer prices, which exclude more volatile categories, such as unprocessed food and energy, rose 0.1% in October over the previous month, which contrasted the 0.5% drop recorded in September. Annual core inflation inched up from 0.4% in September to 0.5% in October. Finally, annual HICP inflation averaged a record low 0.3% in October, which was slightly down from the 0.4% recorded in September.

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

Sample Report

Looking for forecasts related to Inflation in Italy? Download a sample report now.

Download

Italy Inflation Chart


Italy Inflation October 2014 0

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


Italy Economic News

  • Italy: Manufacturing sector contracts at the sharpest pace in almost four years in November

    December 3, 2018

    The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dipped to a near four-year low of 48.6 in November from October’s 49.2.

    Read more

  • Italy: Inflation ticks up in November on higher food prices

    November 30, 2018

    According to provisional data released by the National Statistical Institute (ISTAT) on 30 November, consumer prices dropped 0.1% month-on-month in November, following October’s flat reading.

    Read more

  • Italy: Revised estimate shows economy contracted in Q3

    November 30, 2018

    The Italian economy contracted for the first time in nearly four years in the third quarter, weighed down by its shrinking domestic sector.

    Read more

  • Italy: Business confidence declines for the fifth consecutive month in November

    November 27, 2018

    The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, market services and retail sectors—edged down to 101.1 points in November from October’s revised 102.5 points (previously reported: 102.6 points), marking the worst reading since December 2016. November’s reading was the result of a deterioration in sentiment in the manufacturing, construction and market services sectors, which more than offset improved sentiment in the retail trade sector.

    Read more

  • Italy: Consumer confidence drops in November

    November 27, 2018

    The consumer confidence index released by the National Institute of Statistics (ISTAT) declined to 114.8 points in November from October’s revised 116.5 points (previously reported: 116.6 points). Consumers’ expectations of the future general economic situation and their assessments of the current general economic situation deteriorated, driving the downturn, likely due to growing concerns about the recent turbulence in the financial markets and the stagnation of the economy in the third quarter.

    Read more

More news

Search form