Italy Inflation Rate Confirmed at 0.6% in April

Italian annual consumer prices accelerated to 0.6 percent in April of 2014 from 0.4 percent in March, matching preliminary estimates. While prices of transport services accelerated, cost of non-regulated energy products fell at a slower pace.

Year-on-year, prices of goods fell 0.2 percent (-0.3 percent in March) and cost of services increased 1.4 percent (up from 1.0 percent in the previous month). Prices of grocery and unprocessed food slowed to 0.5 percent from 0.7 percent in March.

On a monthly basis, the inflation rate rose to 0.2 percent from 0.1 percent in the previous month, as cost of services related to transport (+2.2 percent) and services related to recreation, repairs and personal care (+1.0 percent) accelerated due to the Easter holidays. Prices of grocery and unprocessed food held steady on the month.

Core inflation, which excludes unprocessed food and energy, was recorded at 1.0 percent (0.1 percent higher than in March 2014); excluding only energy, the inflation was 0.9 percent, up from 0.8 percent in March.

The harmonized index of consumer prices rose by 0.5 percent compared with both the previous month and April 2013, revised downwards from the 0.6 percent flash estimate. 

Italy Inflation Rate Confirmed at 0.6% in April

Istat | Joana Taborda |
5/13/2014 9:29:27 AM