Italy Inflation Rate Confirmed at 1.1% in April


Italy’s annual inflation rate came in at 1.1 percent in April of 2019, following a 1.0 percent rise in the previous month and in line with preliminary estimates. It was the highest inflation rate since December 2018, as prices advanced faster for transport.


Year-on-Year, prices rose faster for transport (2.6 percent vs 1.2 percent in March); restaurants and hotels (1.5 percent vs preliminary estimate of 1.3 percent and March's 0.9 percent); miscellaneous goods and services (1.9 percent vs 1.8 percent); health (0.5 percent vs 0.3 percent) and clothing & footwear (0.2 percent vs 0.1 percent). 

On the other hand, cost slowed for food and non-alcoholic beverages (0.4 percent vs 1.1 percent); housing & utilities (3.4 percent vs preliminary estimate of 4.3 percent and March's 3.7 percent); and alcoholic beverages and tobacco (2.4 percent vs preliminary estimate of 2.5 percent and March's 3.3 percent). In addition, cost continued to decline for recreation & culture (-0.2 percent vs preliminary estimate of -0.1 percent and March's -0.1 percent) and communication (-9.2 percent vs preliminary estimate of -8.7 percent and March's -7.2 percent) while inflation for education was steady (at 0.1 percent).

Annual core inflation, which excludes energy and unprocessed food, rose to 0.6 percent in April from 0.4 percent in the previous month. Excluding energy, inflation edged up to 0.7 percent from 0.6 percent in March, above a preliminary estimate of 0.6 percent.

On a monthly basis, consumer prices went up 0.2 percent, following a 0.3 percent rise in March and matching previous estimates.

The harmonized index of consumer prices increased 1.1 percent year-on-year, after a 1.0 percent gain in the previous month and below preliminary estimate of 1.2 percent. Month-over-month, harmonized inflation eased to 0.5 percent from a 2.3 percent, also below preliminary estimate of 0.6 percent.  

Italy Inflation Rate Confirmed at 1.1% in April


Istat | Rafael Gonzalez | rafael.gonzalez@tradingeconomics.com
5/16/2019 10:01:39 AM