Italy's consumer prices increased 1.1 percent year-on-year in September of 2017, compared to 1.2 percent rise in the previous month and matching preliminary estimates. Prices rose at a softer pace for both transport and housing.
Year-on-year, consumer prices slowed mostly for transport (2.6 percent from 3.7 percent in August), of which services related to transport (2.7 percent from 4.4 percent), and housing and utilities (1.7 percent from 2.5 percent). Inflation eased also for recreation and culture (0.4 percent from 0.5 percent); restaurants and hotels (2.1 percent from 2.2 percent); and clothing and footwear (0.3 percent from 0.4 percent). In contrast, prices accelerated for food and non-alcoholic beverages (1.4 percent from 0.8 percent), led by unprocessed food (2.1 percent from 0.7 percent).
Annual core inflation which excludes energy and unprocessed food slowed to 0.7 percent from 1 percent in the previous month. Excluding only energy, the inflation eased slightly to 0.8 percent from 0.9 percent.
On a monthly basis, consumer prices dropped 0.3 percent, also in line with earlier estimates, after increasing 0.3 percent in August.
The harmonized index went up 1.8 percent on the year and 1.3 percent from the previous month.