Italy Inflation November 2018


Italy: Inflation ticks up in November on higher food prices

November 30, 2018

According to provisional data released by the National Statistical Institute (ISTAT) on 30 November, consumer prices dropped 0.1% month-on-month in November, following October’s flat reading. The figure reflected lower prices for services related to recreation, and for services related to transport being only partially offset by higher prices for unprocessed food. Meanwhile, inflation came in at 1.7% in November, marginally above October’s 1.6% print, and the highest print since April 2017.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, dropped 0.2% month-on-month in November, a smaller fall than October’s 0.4% decline. Meanwhile, core inflation inched up to 0.9% in November from October’s 0.8%, and harmonized inflation remained unchanged at October’s 1.7%.

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 November 2018

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

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