Italy April Inflation Rate Confirmed at 0.5%

Italy's consumer price inflation eased to 0.5 percent year-on-year in April of 2018 from 0.8 percent in March and matching the preliminary estimate. Prices grew less for transport, restaurants & hotels and housing & utilities while food was more expensive.

Year-on-year, prices rose at a slower pace mainly for transport (0.4 percent from 1.8 percent in March), as services related to transport fell 0.7 percent (from 2.5 percent); and restaurants & hotels (1.2 percent from 1.5 percent). Also, those of housing & utilities were unchanged (from 2.5 percent in March), with energy cost slowing to 0.7 percent from 3.0 percent in March, amid a decline in regulated energy products prices (-1.2 percent from 5.0 percent)

Conversely, inflation rate quickened for: food & non-alcoholic beverages (1.2 percent from 0.5 percent), due to rising cost of both processed (1.8 percent from 1.2 percent) and unprocessed food (0.7 percent from -0.4 percent);  miscellaneous goods & services (2.0 percent from 1.7 percent); recreation & culture (0.8 percent from 0.6 percent) and alcoholic beverages & tobacco (3.0 percent from 2.3 percent), namely tobacco (2.8 percent from 2.2 percent).

Annual core inflation rate, which excludes energy and unprocessed food fell to 0.5 percent from 0.7 percent in March, according to the preliminary estimate. Excluding only energy, the inflation stood at 0.5 percent.

On a monthly basis, consumer prices edged up by 0.1 percent, in line with the preliminary reading and compared to a 0.3 percent gain in March.

The harmonized index of consumer prices went up by 0.6 percent from the previous year and by 0.5 percent from the previous month.

 Italy April Inflation Rate Confirmed at 0.5%

Istat | Luisa Carvalho |
5/16/2018 9:49:31 AM