Italy Inflation Rate Rises to 1.1% in April

Italy’s annual inflation rate is expected to rise to 1.1 percent in April of 2019 from 1 percent in the previous month and below market expectations of 1.3 percent.
Istat | Agna Gabriel | 4/30/2019 9:29:02 AM
Inflation is likely to pick up for transport (2.6 percent from 1.2 percent in March), particularly transport services (2.8 percent from 0.5 percent); restaurant and hotels (1.3 percent from 0.9 percent); housing and utilities (4.3 percent from 3.7 percent), namely energy (6.2 percent from 5.5 percent) of which non-regulated energy (3.7 percent from 3.3 percent) and regulated energy (7.3 percent from 7.8 percent); miscellaneous goods and services (1.9 percent from 1.8 percent); health (0.5 percent from 0.3 percent) and clothing and footwear (0.2 percent from 0.1 percent).

On the other hand, cost should rise at a softer pace for food and non-alcoholic beverages (0.4 percent from 1.1 percent), due to non-processed food (1 percent from 1.9 percent) and processed food (flat reading from 0.7 percent) and alcoholic beverages and tobacco (2.5 percent from 3.3 percent).  Meanwhile, inflation is expected to be steady for education (at 0.1 percent).

Annual core inflation rate, which excludes energy and unprocessed food, is expected to accelerate to 0.6 percent in April from 0.4 percent in the prior month. Excluding only energy, inflation should remain unchanged at 0.6 percent.

On a monthly basis, consumer prices should increase 0.2 percent in April, following March’s 0.3 percent gain and in line with market consensus. 

The harmonized index of consumer prices is expected to rise 1.2 percent from the previous year (from 1.1 percent in March); and to advance 0.6 percent month-over-month (from 2.3 percent in Mach).

Italy Inflation Rate Rises to 1.1% in April