Italy Inflation January 2018


Italy: Inflation stable in January

February 22, 2018

According to revised data released by the National Statistical Institute (Istat) on 22 February, consumer prices rose 0.3% on a monthly basis in January (previously reported: 0.2% month-on-month), down from December’s 0.4% increase. The figure mainly reflected higher prices for regulated energy products and processed food including alcohol, which more than offset lower prices for services related to transport. Meanwhile, inflation came in at a revised 0.9% in January (previously reported: 0.8%), matching the previous month’s print.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, grew 0.1% in January month-on-month, following December’s stronger 0.3% rise. However, core inflation was 0.6% in January, up from December’s 0.4%. Finally, harmonized inflation came in at 1.2%, above December’s 1.0%.

Italy Inflation Forecast

FocusEconomics Consensus Forecast panelists expect inflation of 1.4% in 2018, which is unchanged from last month’s projection. For 2019, panelists expect inflation to average 1.5%.

Author: Massimo Bassetti, Senior Economist

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Italy Inflation Chart

Italy Inflation January 2018 0

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

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