Italy Inflation Rate Rises Less Than Expected

The annual inflation rate in Italy is expected to increase to 1.6 percent in October of 2018 from 1.4 percent in the previous month, below market expectations of 1.7 percent. Prices advanced faster mainly for energy, both regulated and non-regulated energy products.

Year-on-year, prices are set to rise at a faster pace mainly for: housing & utilities (4.3 percent from 2.7 percent), amid higher prices of regulated energy (9.3 percent from 5.6 percent) and non-regulated energy (9.5 percent from 9.3 percent) and miscellaneous goods and services (2.7 percent from 2.4 percent). Meanwhile, inflation would remain steady for restaurant and hotels (1.3 percent, the same as in September); furniture and household equipment (0.2 percent) and alcoholic beverages & tobacco (3.4 percent). On the other hand, cost is expected to slow for food and non-alcoholic beverages (1 percent from 1.5 percent); transport (3.9 percent from 4.1 percent); health (0.1 percent from 0.2 percent) and clothing and footwear (0.2 percent from 0.3 percent).  

Annual core inflation rate, which excludes energy and unprocessed food, should went up to 0.8 percent from 0.7 percent in September. Excluding only energy, the inflation should remain steady at 0.9 percent. 

On a monthly basis, consumer prices should be unchanged, after a 0.5 percent drop in the prior month and against market expectations of a 0.2 percent gain. 

The harmonized index of consumer prices is expected to rise by 1.7 percent from the previous year (1.5 percent in September); and to advance by 0.2 percent month-over-month (1.7 percent in September).

Italy Inflation Rate Rises Less Than Expected

Istat | Agna Gabriel |
10/31/2018 10:29:43 AM