Italy: Pace of decline in annual prices stable in September
Consumer prices fell 0.6% month-on-month in September, contrasting August’s 0.3% 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 0.5% lower from the same month of the previous year, matching August’s decline—which had marked the lowest reading since June 2016.
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 0.9% compared the same period of 2019, following August’s 0.5% drop.