Italy Inflation Rate Confirmed at 0.4% in March

Italian consumer prices slowed to 0.4 percent year-on-year in March of 2014, the lowest rate since October of 2009 and matching the initial estimates. On a monthly basis, the inflation rate accelerated to 0.1 percent, up from a 0.1 percent fall in February.

The slowdown of inflation was mainly due to price decreases of non-regulated energy products and unprocessed food and due to the reduction of inflationary trends for most of the others aggregates of goods and services.

Excluding unprocessed food and energy, core inflation was 0.9 percent (0.1 lower than in February 2014); excluding only energy, the inflation was 0.8 percent, down from 1.0 percent in February 2014.

On a monthly basis, the increase was mainly due higher prices of services related to transport (+0.6 percent) and services related to recreation, including repairs and personal care (+0.2 percent); the monthly rise of prices of  services related to housing (+0.3 percent) had an upward impact, too.

The annual rate of change of prices of goods fell to -0.3 percent (from -0.1 percent in February 2014) and the annual rate of change of prices of services was +1.0 percent (down from +1.2 percent in the previous month). 

Prices of grocery and unprocessed food declined by 0.3 percent on monthly basis and rose by 0.7 percent on annual basis (down from +1.0 percent in February 2014).

In March 2014, the Italian harmonized index of consumer prices rose by 2.2 percent compared with the previous month and by 0.3 percent with respect to March 2013 (0.1 lower than in February 2014). 

Italy Inflation Rate Confirmed at 0.4% in March

Istat | Joana Taborda |
4/14/2014 9:24:50 AM