Italy: Inflation remains stable in September
October 14, 2015
Consumer prices fell 0.4% in September over the previous month, which slightly undershot market expectations and the preliminary estimate of a 0.3% fall released by the National Statistical Institute on 30 September. September’s print contrasted the 0.2% rise tallied in August and marked a multi-year low. The increase mainly reflected lower prices for non-regulated energy products, which more than offset an increase in prices of unprocessed food. Inflation remained stable at August’s 0.2%.
Core consumer prices, which exclude more volatile categories, such as unprocessed food and energy, fell 0.4% in September over the previous month, contrasting August’s 0.4% rise. Core inflation inched up from August’s 0.8% to 0.9% in September. Finally, harmonized inflation came in at 0.2% in September, which was below August’s 0.4% result.
Author: Eric Denis , Economist