Italy September Inflation Rate Lowest in 9 Months
Italy's consumer prices are expected to rise 1 percent year-on-year in October of 2017, compared to a 1.1 percent gain in the previous month and below market expectations of 1.3 percent. It was the lowest inflation rate since January, mainly due to a fall in education and services prices after students from low-income households started being exempted from paying the annual university fee, preliminary estimates showed.
10/31/2017 11:49:14 AM
Year-on-year, prices prices decreased significantly for education (-16.1 percent vs -0.8 percent in September) and miscellaneous services (-1.1 percent vs 0.6 percent), within which university education is included. Also, cost advanced less for transport (2.4 percent vs 2.6 percent); restaurants and hotels (1.8 percent vs 2.1 percent) and miscellaneous goods and services (0.6 percent vs 0.8 percent).
In contrast, cost rose faster for food and non-alcoholic beverages (2.1 percent vs 1.4 percent) and housing and utilities (1.8 percent vs 1.7 percent).
Annual core inflation rate, which excludes energy and unprocessed food eased to 0.5 percent from 0.7 percent in the previous monh. Excluding only energy, the inflation was steady at 0.8 percent.
On a monthly basis, consumer prices went down 0.2 percent, compared to a 0.3 percent fall in September.
The harmonized index was unchanged on the month (1.8 percent in September) and inched up 1.1 percent on the year (1.3 percent in September).