Italy Inflation Rate Confirmed at 0.1% in December

Consumer prices in Italy increased by 0.1 percent year-on-year in December of 2015, the same as in the previous month and matching preliminary estimates. While cost of leisure activities and accommodation rose further, transport prices continued to drag the inflation down.
Istat | Joana Ferreira | 1/15/2016 10:19:36 AM
Year-on-year, cost of recreation and culture went up by 0.6 percent (from +0.1 percent in November) and prices of hotels and restaurants increased by 1.1 percent (from +0.9 percent in the previous month). Meanwhile, transport prices dropped 3.3 percent, accelerating from a 2.8 percent fall in November.

Additional upward pressure came from: food and non-alcoholic beverages (+1.2 percent); health (+0.4 percent); furnishings and household equipment (+0.4 percent); and clothing and footwear (+0.5 percent).

Annual core inflation rate (excluding energy and unprocessed food) was recorded at 0.6 percent.

On a monthly basis, consumer prices showed no growth after a 0.4 percent decline and matching first estimates. Cost of food and transportation dropped 0.3 percent and 0.1 percent, respectively; while prices of leisure activities and communication rose 1 percent and 0.9 percent, respectively.

Harmonised consumer prices increased by 0.1 percent year-on year while fell 0.1 percent on a monthly basis.

Italy Inflation Rate Confirmed at 0.1% in December