Inflation in Italy
Italy - Harmonized Inflation
Inflation ticks up in February on higher food prices
According to revised data released by the National Statistical Institute (ISTAT) on 15 March, consumer prices rose a revised 0.1% month-on-month in February (previously reported: +0.2% month-on-month), matching January’s increase. The figure reflected higher prices for unprocessed food, tobacco and non-regulated energy products, which more than offset lower prices for services related to communication. Meanwhile, inflation came in at a revised 1.0% in February (previously reported: +1.1%), slightly above January’s 0.9% print.
Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, remained unchanged from the previous month in February, mirroring January’s flat reading. Meanwhile, core inflation inched down from January’s 0.5% to 0.4% in February—the lowest print in over one year—and harmonized inflation increased to 1.1% from January’s 0.9%.
Met the why particular Consensus Forecast panelists expect inflation of 1.5% in 2019, which is unchanged from last month’s projection. For 2020, panelists expect inflation to average 1.7%.
Italy - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||1.3||0.2||0.1||-0.1||1.3|
5 years of economic forecasts for more than 30 economic indicators.
Italy Harmonized Inflation Chart
Source: National Statistical Institute (ISTAT) and Met the why particular calculations.
|Bond Yield||2.57||-0.11 %||Mar 11|
|Exchange Rate||1.12||0.65 %||Mar 11|
|Stock Market||20,638||-0.99 %||Mar 11|
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March 8, 2019
Industrial output jumped 1.7% in January on a month-on-month, seasonally-adjusted basis, contrasting December’s revised 0.7% contraction (previously reported: -0.8% month-on-month).
March 5, 2019
The Italian economy contracted for the second consecutive quarter in Q4, weighed down by weak domestic demand and by a notable destocking.
March 1, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dipped to 47.7 in February from January’s 47.8, marking the worst reading in close to six years.
February 28, 2019
According to revised data released by the National Statistical Institute (ISTAT) on 15 March, consumer prices rose a revised 0.1% month-on-month in February (previously reported: +0.2% month-on-month), matching January’s increase.
February 27, 2019
The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, market services and retail sectors—fell to 98.3 points in February from January’s revised 99.1 points (previously reported: 99.2 points), marking the worst reading since February 2015. February’s reading was the result of deteriorating sentiment in the manufacturing, construction and market services sectors, which more than offset improved sentiment in the retail trade sector.