Italy Inflation Rate Revised Up To 1.9% In April


Consumer prices in Italy increased 1.9 percent year-on-year in April of 2017, following a 1.4 percent rise in the previous period and above preliminary estimates of 1.8 percent. It is the highest inflation rate since February of 2013, mainly driven by prices of housing and utilities, namely electricity and natural gas and transport. On a monthly basis, consumer prices went up 0.4 percent, higher than preliminary estimates of 0.3 percent.

Year-on-year, prices rose at a faster pace for transport (5.6 percent vs 4.6 percent in March), housing and utilities (3 percent vs 0.2 percent), of which electricity (5.4 percent vs -1 percent) and natural gas (5.9 percent vs -1.4 percent) and restaurants and hotels (1.8 percent vs 1.2 percent).

Meanwhile, cost slowed for food and non-alcoholic beverages (2.2 percent vs 2.8 percent), miscellaneous goods and services (1 percent vs 1.1 percent) and health (0.3 percent vs 0.4 percent).

Annual core consumer prices, which exclude energy and unprocessed food advanced 1.1 percent, compared to a 0.7 percent rise in the prior month. Excluding only energy, consumer prices increased 1.3 percent (from 1.2 percent).

On a monthly basis, consumer prices went up 0.4 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 Revised Up To 1.9% In April


Istat |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/15/2017 8:52:17 AM