Italy Inflation October 2018

Italy

Italy: Inflation ticks up in October on higher energy prices

October 31, 2018

According to provisional data released by the National Statistical Institute (ISTAT) on 31 October, consumer prices remained unchanged month-on-month in October, following September’s 0.5% drop. The figure reflected higher energy prices being offset by lower prices for services related to transport, and recreation and culture—mainly attributable to seasonal factors. Meanwhile, inflation came in at 1.6% in October, above September’s 1.4% print.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, dropped 0.3% month-on-month in October, a smaller fall than September’s 0.7% decline. Meanwhile, core inflation inched up to 0.8% in October from September’s 0.7%, and harmonized inflation rose to 1.7% from the previous month’s 1.5%.

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, Economist

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Italy Inflation October 2018

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


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