Inflation Rate in Italy Rises to 0.2% in November

Italian consumer prices rose 0.2 percent year-on-year in November of 2014, following a 0.1 percent increase in the previous month and matching preliminary estimates. Rise in prices of unprocessed food drove the inflation up while energy cost fell.

The speed-up in prices was mainly attributed to the reversal of trend of unprocessed food prices (+0.8%, from -0.2% in October 2014). This dynamics was partially offset by the widening of the annual decrease of prices of non-regulated energy products (-3.1%, from -2.2% in the previous month).

The biggest price increases were reported for cost of food and non-alcoholic beverages (0.5 percent); restaurants and hotels (1.0 percent); clothing and footwear (0.3 percent), furnishing and household equipment (0.6 percent) and education (1.8 percent). In contrast, transport cost fell 0.3 percent and communication prices decreased by 2.6 percent. 

Excluding unprocessed food and energy, core inflation was stable at 0.5 percent and excluding energy, the inflation was 0.6 percent, up from 0.4 percent in October.

On a monthly basis, consumer prices fell 0.2 percent. 

In November 2014, the harmonized index declined by 0.2 percent compared with October 2014 and rose by 0.3 percent with respect to November 2013.

Inflation Rate in Italy Rises to 0.2% in November

Istat | Joana Taborda |
12/12/2014 1:01:45 PM