Inflation in Italy
Italy - Inflation
Inflation at over one-year low in May
Consumer prices were flat month-on-month in May (previously reported: +0.1% month-on-month), following April’s 0.2% increase, according to revised data released by the National Statistical Institute (ISTAT) on 14 June. The figure reflected higher prices for unprocessed food, and for non-regulated energy products, which more than offset lower prices for services related to transport—due to the end of the Easter holidays—and of services related to communication. Meanwhile, inflation came in at 0.8% in May, down from April’s 1.1% and the weakest reading since April 2018.
Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, were 0.1% lower compared to the previous month in May, following April’s 0.6% increase. Meanwhile, core inflation edged down from April’s 0.6% to 0.4%, while harmonized inflation declined to 0.9% from April’s 1.1%.
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 - Inflation Data
|Inflation Rate (CPI, annual variation in %)||1.2||0.3||0.0||-0.1||1.2|
5 years of economic forecasts for more than 30 economic indicators.
Italy Inflation Chart
Source: National Statistical Institute (ISTAT) and FocusEconomics calculations.
|Bond Yield||2.37||-0.40 %||Jun 13|
|Exchange Rate||1.13||0.65 %||Jun 13|
|Stock Market||20,631||-0.99 %||Jun 13|
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June 14, 2019
Consumer prices were flat month-on-month in May (previously reported: +0.1% month-on-month), following April’s 0.2% increase, according to revised data released by the National Statistical Institute (ISTAT) on 14 June.
June 11, 2019
Industrial output contracted 0.7% in April on a month-on-month, seasonally-adjusted basis, following March’s revised 1.0% decrease (previously reported: -0.9% month-on-month).
June 3, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose to 49.7 in May from April’s 49.1.
May 31, 2019
Consumer prices rose 0.1% month-on-month in May, following April’s 0.2% increase, according to provisional data released by the National Statistical Institute (ISTAT) on 31 May.
May 31, 2019
A second estimate released by Italy’s Statistical Institute (ISTAT) on 31 May showed GDP ticked up 0.1% in the first quarter over the previous period in seasonally- and working-day adjusted terms, below the 0.2% expansion reported by the preliminary estimate but still up from the 0.1% contraction recorded in Q4 2018.