Italy Inflation Rate Rises to 1.1% in February

Italy's annual inflation rate is expected to rise to 1.1 percent in February 2019 from a nine-month low of 0.9 percent in the previous month and in line with market expectations, a preliminary estimate showed.

Inflation is likely to pick up for food products (2.2 percent vs 0.7 percent), such as processed (1.2 percent vs flat reading) and non-processed food (3.7 percent vs 1.7 percent); non-regulated energy goods (0.8 percent vs 0.3 percent); and tobacco (4.5 percent vs 2.9 percent). On the other hand, transport services prices should rise at a softer pace (0.9 percent vs 2.2 percent) while communication services cost are set to decline further (-4.9 percent vs -2 percent).

Annual core inflation rate, which excludes energy and unprocessed food, is expected to remain unchanged at 0.5 percent.

On a monthly basis, consumer prices should increase 0.2 percent in February, following January's 0.1 percent gain and also matching market consensus. Upward pressure is likely to come from food products (0.9 percent), non-durable goods (0.6 percent), energy (0.4 percent) and tobacco (1.5 percent).

The harmonized index of consumer prices is expected to rise 1.2 percent from the previous year (vs 0.9 percent in January); and to fall 0.2 percent month-over-month (vs -1.7 percent in January).

Italy Inflation Rate Rises to 1.1% in February

Istat | Joana Ferreira |
2/28/2019 10:35:17 AM