Italy Inflation Rate At 2-1/2-Year High Of 0.5%


Italy's consumer prices are expected to increase 0.5 percent year-on-year in December of 2016 after edging up 0.1 percent in November. It was the highest inflation rate since May of 2014, mainly driven by cost of food and energy. On a monthly basis, consumer prices are expected to rise 0.4 percent.

Year-on-year, prices increased the most for: food and non-alcoholic beverages (+0.8 percent vs 0 percent in November); transport (+2.2 percent vs +0.7 percent); recreation and culture (+0.5 percent vs +0.2 percent) and miscellaneous goods and services (+0.9 percent vs +0.7 percent).

Meanwhile, prices fell for housing and utilities (-1.9 percent, unchanged from November), communications (-3.1 percent vs -2.5 percent) and education (-0.9 percent, unchanged from prior month).

Annual core inflation rate, which excludes energy and unprocessed food, rose to 0.6 percent from 0.4 percent in November. Excluding energy, inflation rate also went up 0.7 percent from 0.4 percent. 

The harmonized index increased 0.5 percent on the year and went up 0.4 percent on the month. 

Istat | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
1/4/2017 11:38:09 AM