Italy: Inflation rebounds in April
April 28, 2017
According to provisional data released by the National Statistical Institute (Istat), Italian consumer prices rose 0.3% on a monthly basis in April, up from March’s flat reading. The figure mainly reflected higher prices for services related to transport and recreation, whose increase was fueled by Easter and Liberation day, celebrated on 16 and 25 April respectively. Meanwhile, inflation came in at an over four-year high of 1.8% in April, accelerating from March’s 1.4% print.
Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, rose 0.5% in April on a monthly basis, up from March’s 0.2% increase. Core inflation was 1.0% in April, above March’s 0.7% and marking the highest reading in three years. Finally, harmonized inflation came in at 2.0%, up significantly from March’s 1.3%