Italy Annual Inflation Rate Steady at 1% in March

Italy's annual inflation rate is expected to rise to 1.0 percent in March 2019, the same pace as in the previous month and in line with market expectations, a preliminary estimate showed.

Prices of food products should increase at a slower pace (1.3 percent from 1.7 percent in February), of which unprocessed (2.0 percent from 3.7 percent in February) while processed food (0.9 percent from 0.5 percent); transport services (0.4 percent from 0.9 percent) and housing services (0.4 percent from 0.6 percent). Also, cost of communication services is expected to decline further (-5.1 percent from -4.8 percent). On the other hand, inflation is likely to rise for energy (5.5 percent from 4.1 percent), namely non-regulated (3.3 percent from 0.8 percent) and regulated energy goods (at 7.8 percent, the same as in February). 

Annual core inflation rate, which excludes energy and unprocessed food, is expected to rise 0.5  percent, after increasing 0.4 percent in February. 

On a monthly basis, consumer prices should went up 0.3 percent, following a 0.1 percent gain in the prior month and matching market forecasts. Upward pressure is likely to come from energy (0.9 percent), processed food (0.4 percent), and durable goods (0.3 percent) while downward pressure should come from food (-0.3 percent).

The harmonized index of consumer prices is expected to advance 1.1 percent year-on-year, unchanged from the previous month; and to rebound month-over-month (2.3 percent from -0.3 percent in February).

 Italy Annual Inflation Rate Steady at 1% in March

Istat |Stefanie Moya |
3/29/2019 10:51:24 AM