Italy Inflation Slows To 1.4% In March


Consumer prices in Italy are expected to rise 1.4 percent year-on-year in March of 2017, following a 1.6 percent increase in February and below market expectations of 1.5 percent, according to preliminary estimates. Prices rose at a slower pace for food and transport. On a monthly basis, prices were flat compared to market expectations of 0.1 percent gain.

Year-on-year, prices rose at a slower pace for food and non-alcoholic beverages (2.8 percent compared to 3.8 percent in February) and transport (4.6 percent compared to 4.9 percent). Meanwhile, cost accelerated for restaurants and hotels (1.2 percent compared to 1.1 percent), recreation and culture (0.4 percent from 0.1 percent) and housing and utilities (0.1 percent compared to 0.0 percent).

Annual core inflation rate, which excludes energy and unprocessed food rose to 0.7 percent from 0.6 percent the previous month. Excluding only energy, the inflation went up to 1.1 percent from 1.3 percent in February.

On a monthly basis, consumer prices were flat, following 0.4 percent increase in February. 

The harmonized index rose 1.8 percent on the month (0.2 percent in February) and 1.3 percent on the year (1.6 percent in January).

Istat | Yekaterina Guchshina | yekaterina@tradingeconomics.com
3/31/2017 9:23:14 AM