Italy Inflation Rate Revised Down to 1.4% in September

The annual inflation rate in Italy decreased to 1.4 percent in September of 2018 from 1.6 percent in the previous month and below a preliminary estimate of 1.6 percent. Inflation slowed amid softer rises in both processed food and non-processed food; services related to transport and non-regulated energy products.

Year-on-year, prices rose at a slower pace for food & non-alcoholic beverages (1.5 percent vs 2.2 percent in August), namely unprocessed food (2.4 percent vs 3.1 percent) and processed food (1.2 percent from 1.9 percent); transport (4.1 percent vs 4.2 percent), including services related to transport (2.5 percent vs 2.8 percent); housing & utilities (2.7 percent vs 2.8 percent), amid slowing prices of non-regulated energy products (9.3 percent vs 9.5 percent); miscellaneous goods & services (2.4 percent vs 2.6 percent); recreation & culture (0.2 percent vs 0.3 percent) and furniture & household equipment (0.2 percent from 0.3 percent). In contrast, cost advance further for restaurants & hotels (1.3 percent from 1.1 percent); health (0.2 percent vs 0.1 percent) and clothing & footwear (0.3 percent vs 0.1 percent). Meanwhile, inflation was steady for alcoholic beverages & tobacco (3.4 percent, the same as in August).

Annual core inflation rate, which excludes energy and unprocessed food, decreased to 0.7 percent from 0.8 percent. Excluding only energy, the inflation eased to 0.9 percent from 1.1 percent in August.

On a monthly basis, consumer prices dropped 0.5 percent, following a 0.4 percent increase in August and below a preliminary estimate of a 0.4 percent decrease.

The harmonized index of consumer prices rose by 1.5 percent from the previous year (1.6 percent in August); and advanced by 1.7 percent month-over-month (vs -0.2 percent in August).

Italy Inflation Rate Revised Down to 1.4% in September

Istat | Agna Gabriel |
10/16/2018 9:33:59 AM