Italy: Pace of decline in annual prices sharpest in close to six years
October 16, 2020
Consumer prices fell 0.68% month-on-month in September, contrasting August’s 0.29% increase. The figure mainly reflected lower prices for services related to transport and for services related to recreation—mainly due to seasonal factors.
Meanwhile, prices were 0.6% lower from the same month of the previous year, from August’s 0.5% decline, marking the lowest reading since January 2015.
Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, fell 0.8% from the previous month in September, contrasting August’s 0.4% increase. Meanwhile, core inflation ticked down from 0.3% in August to 0.1% in September, while harmonized prices fell 1.0% compared the same period of 2019, following August’s 0.5% drop.