Inflation in Italy
Italy - Harmonized Inflation
Inflation slows to 15-month low in July
Consumer prices were unchanged from the previous month in July (previously reported: +0.1% month-on-month), following June’s 0.1% uptick, according to revised data released by the National Statistical Institute (ISTAT) on 9 August. The result reflected lower prices for regulated and non-regulated energy products, as well as for unprocessed food which offset higher prices for services related to recreation, and for services related to transport. Meanwhile, inflation came in at a revised 0.5% in July (previously reported: 0.4%), down from June’s 0.7% and marking the lowest reading since April 2018.
Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, rose 0.3% from the previous month in July, following June’s 0.2% increase. Meanwhile, core inflation ticked up from June’s 0.4% to 0.5%, while harmonized inflation fell to 0.3% from June’s 0.8%, the lowest record since December 2016.
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%.
Italy - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||1.3||0.2||0.1||-0.1||1.3|
5 years of economic forecasts for more than 30 economic indicators.
Italy Harmonized Inflation Chart
Source: National Statistical Institute (ISTAT) and FocusEconomics calculations.
|Bond Yield||1.54||-0.40 %||Jul 31|
|Exchange Rate||1.11||0.65 %||Jul 31|
|Stock Market||21,398||-0.99 %||Jul 31|
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August 9, 2019
Consumer prices were unchanged from the previous month in July (previously reported: +0.1% month-on-month), following June’s 0.1% uptick, according to revised data released by the National Statistical Institute (ISTAT) on 9 August.
August 2, 2019
Industrial contracted 0.2% in June on a month-on-month, seasonally-adjusted basis, contrasting May’s revised 1.0% increase (previously reported: -0.9% month-on-month).
August 1, 2019
In the second quarter of the year, Italy’s GDP recorded zero growth over the previous period in seasonally- and working-day adjusted terms, according to an advance estimate released by Italy’s Statistics Institute (ISTAT) on 31 July.
August 1, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) inched up to 48.5 in July from June’s 48.4.
July 31, 2019
Consumer prices rose 0.1% month-on-month in July, matching June’s reading, according to provisional data released by the National Statistical Institute (ISTAT) on 31 July.