Italy Inflation

Italy

Italy: Inflation speeds up in August

August 31, 2012

According to a preliminary estimate released by Istat on 31 August, consumer prices rose 0.4% over the previous month in August, which was above the 0.1% increase recorded in July. Higher prices for transport as well as for communications were the main drivers of the monthly increase. As a result of the monthly reading, annual inflation inched up from 3.1% in July to 3.2% in August. The core inflation index, which excludes more volatile categories such as unprocessed food and energy, also rose 0.4% over the previous month, up from the 0.3% increase recorded in July. Despite the monthly pick-up, annual core inflation inched down from 2.2% in July to 2.1%. Finally, annual average HICP inflation inched up from 3.5% in July to 3.6%.


Author:, Head of Data Solutions

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Italy Inflation August 2012

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


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