Italy: Inflation inches down in August
August 30, 2013
In August, consumer prices rose 0.3% over the previous month, which was up from the 0.1% increase recorded in July. Higher prices for transport more than offset lower or stable prices in the other categories. Meanwhile, annual inflation fell from 1.2% in July to 1.1% in August.
The core inflation index, which excludes more volatile categories such as unprocessed food and energy, rose 0.4% over the previous month in August (July: +0.2%). Annual core inflation inched down from 1.2% in July to 1.1% in August. Finally, annual HICP inflation averaged 2.0% in August, which was down from the 2.2% recorded in July.
FocusEconomics Consensus Forecast panellists expect inflation to average 2.1% in 2013, which is unchanged from the previous month's projection. For 2014, panellists expect inflation to average 1.8%.
Author: Armando Ciccarelli, Head of Data Solutions