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.