Italy Inflation January 2018

Italy

Italy: Inflation ticks down in January

February 2, 2018

According to provisional data released by the National Statistical Institute (Istat) on 2 February, consumer prices rose 0.2% on a monthly basis in January, down from December’s 0.4% increase. The figure mainly reflected higher prices energy products and processed food, which more than offset lower prices for services related to transport. Meanwhile, inflation came in at 0.8% in January, marginally below the previous month’s 0.9% 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 1.1%, marginally 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, Economist

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Italy Inflation Chart


Italy Inflation January 2018

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


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