Italy Inflation Rate At Near 4-Year High Of 1.5%


Consumer prices in Italy are expected to rise 1.5 percent year-on-year in February of 2017, following a 1 percent increase in January. It is the highest inflation rate since March of 2013, mainly boosted by cost of food and transport, preliminary estimates showed.

Year-on-year, main upward pressure came from cost of food and non-alcoholic beverages (3.8 percent compared to 2.3 percent in January); transport (4.9 percent compared to 3.2 percent); restaurants and hotels (1.2 percent compared to 1.1 percent) and miscellaneous goods and services (1 percent compared to 0.9 percent). In addition, prices of housing and utilities fell less (-0.4 percent compared to -0.5 percent). ~

Annual core inflation rate, which excludes energy and unprocessed food rose to 0.6 percent from 0.5 percent the previous month. Excluding only energy, the inflation went up to 1.3 percent from 0.8 percent in January.

On a monthly basis, consumer prices rose 0.3 percent, the same as in December. 

The harmonized index rose 0.2 percent on the month (0.3 percent in December) and 1.6 percent on the year (1 percent in December).

Istat | Joana Taborda | joana.taborda@tradingeconomics.com
2/28/2017 10:51:38 AM