Italian Inflation Rate Confirmed At 1.4% In March

Italian consumer prices increased by 1.4 percent year-on-year in March 2017, easing from a 1.6 percent gain in the previous month and matching the preliminary estimate. Prices rose at a slower pace for food and transport.

Year-on-year, prices rose at a slower pace for food and non-alcoholic beverages (2.8 percent from 3.8 in February) and transport (4.6 percent from 4.9 percent). Additional upward pressure came from: Restaurants and hotels (1.2 percent from 1.1 percent in February); housing, water, electricity, gas and other fuels (0.2 percent after showing no growth in February); health (inflation steady at 0.4 percent); recreation and culture (0.4 percent from 0.1 percent); and clothing and footwear (inflation steady at 0.4 percent).

Annual core inflation rate, which excludes energy and unprocessed food, went up to 0.7 percent from 0.6 percent in February. Excluding only energy, the inflation went down to 1.2 percent from 1.3 percent in February.

On a monthly basis, consumer prices showed no growth after increasing by 0.4 percent in February. Prices of unprocessed food fell 2.7 percent while cost of services related to transport increased by 1.1 percent.

The harmonized index rose by 1.4 percent on the year and by 1.9 percent from the previous month. 

Italian Inflation Rate Confirmed At 1.4% In March

Istat | Joana Ferreira |
4/13/2017 8:25:59 AM