Italy Inflation Rate Confirmed at 9-Month Low


Consumer prices in Italy increased 0.9 percent year-on-year in January of 2019, below 1.1 percent in December and matching preliminary estimates. It is the lowest inflation rate in nine months, mainly due to a slowdown in energy prices.

Year-on-year, prices rose less for food and non-alcoholic beverages (0.7 percent from 0.8 percent in December, below 0.6 percent in the preliminary estimate); transport (1 percent from 1.2 percent, the same as preliminary figures); housing and utilities (3.8 percent from 4.8 percent, higher than 3.4 percent in the preliminary figure); miscellaneous goods and services (1.8 percent from 2.6 percent, the same as in the preliminary estimate); clothing and footwear (0.1 percent from 0.2 percent, the same as in the preliminary estimate) and alcoholic beverages & tobacco (2.3 percent from 2.6 percent, higher than 2.2 percent in the preliminary estimate). Also, inflation was flat for restaurants and hotels (1.1 percent, below 1.2 percent in the preliminary estimate); furnishing and household equipment (0.2 percent, the same as in the preliminary estimate) and education (0.1 percent, the same as in the preliminary estimate). Prices continued to fall for communication (-6.2 percent from -5.6 percent and compared to -5.5 percent in the preliminary estimate). 

Annual core inflation rate, which excludes energy and unprocessed food, edged down to 0.5 percent from 0.6 percent in December, matching earlier estimates. Excluding only energy, inflation was steady at 0.6 percent.

On a monthly basis, consumer prices increased 0.1 percent, after falling 0.1 percent in December, in line with preliminary figures. 

The harmonized index of consumer prices went up 0.9 percent from the previous year (1.2 percent in December); and fell 1.7 percent month-over-month (-0.1 percent in December). Both figures matched earlier estimates.

Italy Inflation Rate Confirmed at 9-Month Low


Istat | Joana Taborda | joana.taborda@tradingeconomics.com
2/21/2019 9:27:58 AM