Italy: Inflation picks up slightly in June
July 14, 2015
Consumer prices rose 0.2% in June over the previous month, which was slightly below the preliminary estimate of 0.1% released by the National Statistical Institute on 2 July. June’s print came in just above the 0.1% increase tallied in May and slightly undershot market expectations of a 0.1% increase. The mild increase mainly reflected higher prices for services related to recreation, such as personal care and transport. In annual terms, inflation inched up from 0.1% in May to 0.2% in June, which marked the highest reading in seven months.
Core consumer prices, which exclude more volatile categories, such as unprocessed food and energy, grew 0.1% in June over the previous month, mirroring May’s result. Core inflation in June reflected May’s 0.6% increase. Finally, annual harmonized inflation increased by 0.3% in June, which was slightly above the 0.2% increase observed in May.
Author: Eric Denis , Economist