Italy Inflation Rate Confirmed at 0.1% in October

Italian annual inflation rate turned positive to 0.1 percent in October of 2014 from -0.2 percent in the previous month, matching flash estimates.

Year-on-year, the highest upward pressures came from education cost (+0.9 percent), furnishing, household equipment and household maintenance (+0.9 percent) and clothing and footwear (0.5 percent). Additional contributions came from prices of regulated energy products (-2.6 percent, from -6.6 percent in September), mainly gas prices (-5.9 percent, from -11.1 percent in September 2014) and services related to communication (-1.0 percent, from -5.6 percent in the previous month).

Excluding unprocessed food and energy, core inflation was 0.5 percent (up from 0.4 percent in September); excluding energy, the inflation was 0.4 percent (0.1 percent higher than in September).

On a monthly basis, consumer prices also rose 0.1 percent after a 0.4 percent fall in the previous period.

The harmonized CPI rose 0.3 percent compared with the previous month and 0.2 percent with respect to October of 2013.

Italy Inflation Rate Confirmed at 0.1% in October

Istat | Joana Taborda |
11/13/2014 10:18:44 AM