Italy Inflation Rate At 4-Year High Of 1.8% In April


Consumer prices in Italy are expected to rise 1.8 percent year-on-year in April of 2017, following a 1.4 percent increase in March and above market expectations of 1.7 percent, according to preliminary estimates. It was the highest inflation rate since February of 2013, as prices rose at a faster pace for transport, housing and utilities, and restaurants and hotels. On a monthly basis, prices went up 0.3 percent, above consensus of 0.2 percent.

Year-on-year, prices rose at a faster pace for transport (5.5 percent compared to 4.6 percent in March); housing and utilities (3 percent compared to 0.2 percent) and restaurants and hotels (1.7 percent compared to 1.2 percent). 

In contrast, cost slowed for food and non-alcoholic beverages (2.2 percent compared to 2.8 percent) and clothing and footwear (0.4 percent from 0.1 percent). 

Annual core inflation rate, which excludes energy and unprocessed food rose to 1 percent from 0.7 percent the previous month. Excluding only energy, the inflation was steady at 1.2 percent.

On a monthly basis, consumer prices went up 0.3 percent, after being flat in March.  

The harmonized index rose 0.8 percent on the month (1.9 percent in March) and 2 percent on the year (1.4 percent in March).

Italy Inflation Rate At 4-Year High Of 1.8% In April


Istat | Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/28/2017 9:23:08 AM