Italian Inflation Rate at 17-Month High

Consumer prices in Italy are expected to rise by 0.3 percent year-on-year in October of 2015, up from a 0.2 percent increase in the previous month. It was the highest value since May of 2014, pushed up by cost of unprocessed food and services related to recreation.

Year-on-year, prices of unprocessed food (+4.2 percent from +3.3 percent in September) and services related to recreation (+1.5 percent from +1.1 percent in the previous month) increased at a faster pace, while prices of regulated energy products (-2 percent) and gas (-3.2 percent) decreased further.

On a monthly basis, consumer prices increased 0.2 percent, rebounding from a 0.4 percent fall in September. Higher prices of electricity (+2.9 percent), gas (+3.2 percent); unprocessed food (+1.8 percent) were partially offset by lower cost of non-regulated energy products (-0.8 percent) and of services related to transport (-0.7 percent).

Meanwhile, core inflation rate (excluding energy and unprocessed food) was recorded at 0.8 percent, the same rate as in the previous month.

Harmonised consumer prices increased by 3.0 percent year-on-year and by 0.5 percent on a monthly basis.

Italian Inflation Rate at 17-Month High

Istat | Yekaterina Guchshina |
10/30/2015 11:33:49 AM