Italy Inflation November 2016

Italy

Italy: Inflation resurfaces in November

December 14, 2016

According to revised data released by the National Statistical Institute (ISTAT), Italian consumer prices fell 0.1% from the previous month in November, mirroring October’s reading and confirming the advance estimate. The figure mainly reflected lower prices for services related to recreation and hotels as well as for transport. Inflation came in at 0.1% in November, rebounding from October’s 0.2% fall in consumer prices.

Core consumer prices, which excludes more volatile categories such as unprocessed food and energy, dropped 0.3% in November on a monthly basis, which represented a slightly larger drop than October’s 0.2% fall. Core inflation was 0.4% in November, up from October’s 0.2%, which had marked the lowest result on record. Finally, harmonized inflation came in at 0.1%, which contrasted October’s 0.1% decline in harmonized consumer prices.

FocusEconomics Consensus Forecast panelists expect inflation to stay flat in 2017, which is unchanged from last month’s projection. For 2018, panelists expect inflation to average 1.0%, which is also unchanged from last month’s forecast.


Author: Massimo Bassetti , Economist

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Italy Inflation November 2016 0

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


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