Italy Inflation Rate Confirmed At 1.2% In June


Consumer prices in Italy increased 1.2 percent year-on-year in June of 2017, easing from a 1.4 percent rise in the previous month and matching preliminary estimates. It is the lowest inflation rate since January, as prices slowed mostly for food, namely unprocessed (fruits and vegetables) and transport.

Year-on-year, prices went up at a slower pace for: food and non-alcoholic beverages (1 percent vs 1.9 percent in May), namely unprocessed (1.4 percent vs 3.8 percent); transport (3 percent vs 3.7 percent); health (0.2 percent vs 0.3 percent) and recreation and culture (0.3 percent vs 0.5 percent). Meantime, inflation rate was steady for housing and utilities (3 percent) and clothing and footwear (0.4 percent)

In contrast, cost advanced faster for restaurants and hotels (2.2 percent vs 1.9 percent) and miscellaneous goods and services (1 percent vs 0.9 percent).

Annual core inflation rate, which excludes energy and unprocessed food, rose to 0.9 percent from 0.7 percent in May. Excluding only energy, the inflation edged down to 0.9 percent from 1 percent in the previous month.

On a monthly basis, consumer prices fell 0.1 percent after decreasing by 0.2 percent in May. Prices fell for unprocessed food (-1.9 percent) and non-regulated energy products (-1.6 percent) while cost of services related to transport increased (1.1 percent).

The harmonized index rose by 1.3 percent on the year and declined by 0.1 percent from the previous month.

Italy Inflation Rate Confirmed At 1.2% In June


Istat | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
7/14/2017 8:44:56 AM