Italy Inflation Rate Confirmed at 0.1% in November


Italy´s consumer prices rose 0.1 percent year-on-year in November of 2016 after falling by 0.2 percent in October and matching preliminary estimates. Annual core inflation went up to 0.4 percent compared to 0.2 percent in the previous month. On a monthly basis, consumer prices fell 0.1 percent, at the same pace as in October and in line with flash estimates of 0.1 percent decline.

Year-on-year, prices increased for main categories: food and non-alcoholic beverages (+0.1 percent from -0.2 percent); transport (+0.9 percent from +0.6 percent in October) and recreation an culture (+0.7 percent, the same as in October). 

Meanwhile, prices fell for housing and utilities (-1.9 percent, unchanged from October) and clothing and footwear (-0.4 percent, unchanged from previous month).

Annual core inflation rate, which excludes energy and unprocessed food, rose to 0.4 percent from 0.2 percent in October. Excluding energy, inflation rate also went up 0.4 percent from 0.2 percent. 

On a monthly basis, consumer prices declined 0.1 percent, the same pace as in October and in line with flash estimates, mainly due to the decline of prices of recreation and culture (-0.9 percent) and transport (-0.9 percent).

The harmonized index rose 0.1 percent on the year and went down 0.2 percent on the month. 

Istat | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
12/14/2016 11:25:24 AM