Italy Inflation Rate Confirmed at -0.2% in March


Consumer prices in Italy declined by 0.2 percent year-on-year in March of 2016 compared to a 0.3 percent drop in the previous month and in a line with preliminary estimates. It was the second straight fall, mainly driven by a further decrease of energy prices. On a monthly basis, consumer prices edged up 0.2 percent.

Year-on-year,  energy prices dropped 7 percent and especially non-regulated energy products (-11.2 percent). 

Also, cost of food and non-alcoholic beverages declined by 0.4 percent, unchanged from February; and transport prices dropped further by 3.1 percent, compared to 2.7 percent fall in the previous month.

Additional downward pressure came from: housing and utilities (-0.7 percent); and communications (-0.1 percent). In contrast, prices of restaurants and hotels (+1 percent), health (+0.3 percent), recreation and culture (+1.2 percent), furnishings and household equipment (+0.4 percent) and clothing and footwear (+0.5 percent) rose.

Annual core inflation rate (excluding energy and unprocessed food) was recorded at 0.6 percent, up from 0.5 percent registered in February.

On a monthly basis, consumer prices rose 0.2 percent, accelerating from 0.2 percent drop in the previous month and matching first estimates. Cost of transportation increased 0.8 percent and restaurants and hotels edged up 0.3 percent. 

Harmonised consumer prices decreased by 0.2 percent year-on year while grew 2.1 percent on the month.

Italy Inflation Rate Confirmed at -0.2% in March


Istat | Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/14/2016 9:36:58 AM