Italy Inflation Rate Slows to 1.1% in September

Italy's consumer prices are expected to increase 1.1 percent year-on-year in September of 2017, compared to a 1.2 percent rise in the previous month and below market expectations of 1.3 percent, the preliminary estimate showed. The slight slowdown in annual inflation was mainly driven by lower prices of transport and housing and utilities.

Year-on-year, prices slowed for transport (2.6 vs 3.7 percent in August); housing and utilities (1.7 percent vs 2.5 percent); recreation and culture (0.3 percent vs 0.5 percent) and clothing and footwear (0.3 percent vs 0.4 percent). Meantime, the inflation rate was steady for restaurants and hotels (2.2 percent) and miscellaneous goods and services (0.8 percent). In contrast, cost rose faster for food and non-alcoholic beverages (1.4 percent vs 0.8 percent).

Annual core inflation, which excludes energy and unprocessed food, inched up 0.7 percent from 1 percent in August. Excluding only energy, the inflation remained unchanged at 0.9 percent.

On a monthly basis, consumer prices went down 0.3 percent, compared to market consensus of a 0.1 percent fall, after increasing 0.3 percent in August.

The harmonized index went up 1.3 percent on the year and rose by 1.8 percent from the previous month. 

Italy Inflation Rate Slows to 1.1% in September

Istat |Luisa Carvalho |
9/29/2017 9:41:24 AM