Italy November Inflation Rate at Near 1-Year Low of 0.9%

Consumer prices in Italy are expected to increase 0.9 percent year-on-year in November of 2017, compared to a 1 percent gain in the previous month and below market expectations of a 1.1 percent rise. It was the lowest inflation rate since December last year. Prices advanced less for food, restaurants and hotels and miscellaneous goods and services while declined slightly further for education.
Istat | Luisa Carvalho | 11/30/2017 10:43:40 AM
Year-on-year, prices slowed for: food and non-alcoholic beverages (1.9 percent vs 2.1 percent in October), namely unprocessed food (3.2 percent vs 3.8 percent); restaurants and hotels (1.1 percent vs 1.7 percent) and miscellaneous goods and services (0.5 percent vs 0.6 percent), of which services related to recreation, including repair and personal care (0.9 percent vs 1.4 percent). Meantime, inflation rate was steady for housing and utilities (2 percent); health (0.1 percent); clothing and footwear (0.2 percent) and alcoholic beverages and tobbaco (0.1 percent). In addition, cost fell further for education (-16.2 percent vs -16.1 percent).

On the other hand, prices rose faster for transport (2.7 percent vs 2.4 percent) and recreation and culture (0.5 percent vs 0.4 percent).

Annual core inflation rate, which excludes energy and unprocessed food eased to 0.4 percent from 0.5 percent in the prior month. Excluding only energy, the inflation was steady at 0.8 percent.

On a monthly basis, consumer prices decreased 0.2 percent, the same pace as in October.

The harmonized index went down 0.2 percent on the month (from a flat reading in October) and inched up 1.1 percent on the year (the same pace as in October).

Italy November Inflation Rate at Near 1-Year Low of 0.9%