Italy Inflation Rate Slows To 1.4% In May


Consumer prices in Italy increased 1.4 percent year-on-year in May of 2017, easing from a 1.9 percent rise in the previous period and matching market expectations, preliminary estimates showed. Inflation slowed mostly for food and transport.

Year-on-year, prices rose at a slower pace for food and non-alcoholic beverages, namely unprocessed (1.9 percent vs 2.2 percent in April), transport (3.7 percent vs 5.6 percent) and miscellaneous goods and services (0.9 percent vs 1 percent) and increased at the same pace for housing and utilities (3 percent).

Meanwhile, cost advanced faster for restaurants and hotels (2 percent vs 1.8 percent).

Anual core consumer prices, which exclude energy and unprocessed food went up 0.8 percent, compared to a 1.1 percent rise in the previous month. Excluding only energy, consumer prices increased 1 percent (from 1.3 percent in April). 

On a monthly basis, consumer prices fell 0.2 percent, compared to a 0.4 percent increase in April.

The harmonized index declined 0.2 percent on the month (0.8 percent in April) and rose 1.5 percent on the year (2 percent in April).

Italy Inflation Rate Slows To 1.4% In May


Istat |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/31/2017 10:09:38 AM