Italy Inflation


Italy: Inflation remains stable in August

September 14, 2015

Consumer prices rose 0.2% in August over the previous month, which was in line with market expectations and the preliminary estimate released by the National Statistical Institute on 31 August. August’s print contrasted the 0.1% fall tallied in July. The increase mainly reflected higher prices for services related to transport and communication, which more than offset a decrease of non-regulated energy products. Inflation remained stable at July’s 0.2%.

Core consumer prices, which exclude more volatile categories, such as unprocessed food and energy, grew 0.3% in August over the previous month, mirroring July’s result. Core inflation inched down from July’s 0.8% to 0.7% in August. Finally, harmonized inflation came in at 0.5% in August, which was above July’s 0.3% result.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.2% in 2015, which is unchanged from last month’s projection. For 2016, panelists expect inflation to average 1.0%.

Author:, Economist

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Italy Inflation Chart

Italy Inflation August 2015 1

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

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