Italy Inflation September 2019


Italy: Inflation stable in September

September 30, 2019

Consumer prices fell 0.5% month-on-month in September, contrasting August’s 0.4% increase, according to provisional data released by the National Statistical Institute (ISTAT) on 30 September. The figure mainly reflected lower prices for services related to transport, influenced by seasonal factors. Meanwhile, inflation was stable at August’s 0.4% in September.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, dropped 0.6% from the previous month in September, swinging from August’s 0.5% increase. Meanwhile, core inflation inched up from August’s 0.5% to 0.6%, while harmonized inflation fell to 0.3% from August’s 0.5%.

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 September 2019

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

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