Italy Inflation October 2020

Italy

Italy: Pace of decline in annual prices moderates in October

October 30, 2020

Consumer prices rose 0.2% month-on-month in October, contrasting September’s 0.7% fall. The figure mainly reflected higher prices for regulated energy products and for unprocessed food.

Meanwhile, prices were 0.3% lower from the same month of the previous year, following September’s 0.6% year-on-year drop.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, dipped 0.1% from the previous month in October, following September’s sharper 0.8% plunge. Meanwhile, core inflation ticked up from 0.1% in September to 0.3% in October, while harmonized prices fell 0.6% compared the same period of 2019, following September’s 1.0% drop.

FocusEconomics panelists expect harmonized inflation to average 0.6% in 2021, which is down 0.2 percentage points from the previous month’s projection. For 2022, panelists expect harmonized inflation to average 1.0%.


Author: Massimo Bassetti, Senior Economist

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Italy Inflation October 20 20

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


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