Italy Inflation March 2019


Italy: Inflation stable in March

March 29, 2019

According to provisional data released by the National Statistical Institute (ISTAT) on 29 March, consumer prices rose 0.3% month-on-month in March, following February’s 0.2% increase. The figure reflected higher prices for transport, communication, and alcoholic beverages and tobacco, which more than offset lower prices for food and non-alcoholic beverages, and recreation and culture. Meanwhile, inflation came in at 1.0% in March, matching February’s print.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, rose 0.4% from the previous month in March, following February’s flat reading. Meanwhile, core inflation inched up from February’s 0.4% to 0.5%, while harmonized inflation was stable at February’s 1.1%.

Italy Inflation Forecast

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 Chart

Italy Inflation March 2019

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

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