Italy Inflation


Italy: Inflation stable in August

August 31, 2015

According to preliminary estimates, consumer prices rose 0.2% in August over the previous month, contrasting July’s 0.1% decrease. The reading slightly overshot market expectations of a 0.1% rise. The result mainly reflected that higher prices for services related to communication more than offset lower prices of non-regulated energy products. In annual terms, consumer prices increased 0.2% in August, mirroring July’s result.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, rose 0.3% in August over the previous month, which was the same growth as in July. Core inflation tallied 0.7% in August (July: 0.8%). Finally, annual harmonized consumer prices rose 0.5% in August, which was above July’s 0.3% increase and marked the highest value since January 2014.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.1% in 2015, which is unchanged from last month’s projection. For 2016, panelists expect inflation to average 0.9%.

Author:, Economist

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Italy Inflation Chart

Italy Inflation August 2015

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

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