Italy Inflation Rate Revised Down to Near 3-Year Low

The annual inflation rate in Italy fell to 0.3 percent in September of 2019 from 0.4 percent in the previous month and below preliminary estimates of 0.4 percent. It was the lowest inflation since November of 2016.
Istat | Rafael Gonzalez | 10/16/2019 9:30:32 AM
Year-on-Year, cost slowed for food and non-alcoholic beverages (0.7 percent vs 0.9 percent in August); health (0.5 percent vs 0.6 percent); clothing and footwear (0.2 percent vs 0.3 percent); furniture & household equipment (a flat reading vs 0.1 percent) and alcoholic beverages and tobacco (1.8 percent vs 1.9 percent). In addition, cost fell for transport (-0.7 percent vs 0.6 percent) and housing & utilities (-0.3 percent, the same as in August).

On the other hand, prices advanced faster for restaurants & hotels (1.5 percent vs 1.0 percent) and miscellaneous goods & services (1.7 percent vs 1.5 percent).  

Annual core inflation rate, which excludes energy and unprocessed food, rose 0.6 percent in September, following a 0.5 percent increase in the previous month. Excluding only energy, inflation held steady at 0.6 percent.

On a monthly basis, consumer prices dropped 0.6 percent, after a 0.4 percent rise in August and against the flash estimates of a 0.5 percent drop.

The harmonized index of consumer prices rose 0.2 percent from the previous year (vs 0.5 percent in August); and went up 1.4 percent month-over-month (vs a flat reading in August).

Italy Inflation Rate Revised Down to Near 3-Year Low