Italy Inflation Rate Edges Up in June


Italian consumer prices increased 0.2 percent year-on-year in June 2015, the highest in 7 months, compared to a flash estimate of 0.1 percent and from a 0.1 percent growth in May. While prices of accommodation, health and leisure activities rose further, housing cost fell at a slower pace.

Year-on-year, prices of accommodation and restaurants went up 1.6 percent compared to a 1.1 percent increase in May. Cost of health grew 0.5 percent against a 0.3 percent rise in the previous month and recreation and culture prices went up 0.4 percent, compared to 0.3 percent in May. Additional upward pressure came from: alcoholic beverages and tobacco (+3 percent); education (+1.9 percent); food and non-alcoholic beverages (+1 percent); furniture, and household services (+0.4 percent); and clothing and footwear (+0.4 percent).

Meanwhile, housing and utilities cost fell 1.3 percent compared to a 1.4 percent drop in the previous month. Also, communication and transport prices declined 2.1 percent and 1.6 percent, respectively.

Core inflation (excluding energy and unprocessed food) was stable at 0.6 percent.

On a monthly basis, consumer prices rose 0.2 percent, final figures showed, mainly due to increases in recreational, cultural and personal care prices (+0.4 percent) and in services transport cost (+0.2 percent).

The harmonized index rose 0.2 percent both on an annual basis and compared to May 2015. 

Italy Inflation Rate Edges Up in June


Istat | joana.ferreira@tradingeconomics.com
7/14/2015 9:54:27 AM