Italy Inflation November 2018


Italy: Inflation remains stable in November

December 14, 2018

According to revised data released by the National Statistical Institute (ISTAT) on 14 December, consumer prices dropped a revised 0.2% month-on-month in November (previously reported: -0.1% month-on-month), following October’s flat reading. The figure reflected lower prices for services related to recreation, and for services related to transport. These were only partially offset by higher prices for unprocessed food. Meanwhile, inflation came in at a revised 1.6% in November (previously reported: 1.7%), mirroring October’s print.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, dropped 0.4% month-on-month in November, matching October’s decline. Meanwhile, core inflation came in at October’s 0.7% in November, and harmonized inflation dropped to 1.6% from October’s 1.7%.

Italy Inflation Forecast

FocusEconomics Consensus Forecast panelists expect inflation of 1.5% in 2019, which is unchanged from last month’s projection. For 2020, panelists expect inflation to average 1.7%.

Author: Massimo Bassetti, Senior Economist

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Italy Inflation Chart

Italy Inflation November 2018 0

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

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