Italy Inflation June 2019

Italy

Italy: Inflation stable in June

June 28, 2019

Consumer prices rose 0.2% month-on-month in June, following May’s flat reading, according to provisional data released by the National Statistical Institute (ISTAT) on 28 June. The figure reflected higher prices for services related to transport, which were affected by seasonal factors, more than offsetting lower prices for unprocessed food, and for non-regulated energy products—which were pushed down by a high-base effect. Meanwhile, inflation came in at 0.8% in June, matching May’s print.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, rose 0.3% from the previous month in June, contrasting May’s 0.1% dip. Meanwhile, core inflation inched up from May’s 0.4% to 0.5%, while harmonized inflation declined to 0.8% from May’s 0.9%.

FocusEconomics Consensus Forecast panelists expect inflation of 1.5% in 2019, which is unchanged from last month’s projection. For 2020, panelists expect inflation to average 1.7%.


Author: Massimo Bassetti, Senior Economist

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Italy Inflation June 2019

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


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