Producer Prices in Italy
Italy - Producer Prices
Inflation ticks up in November on higher food prices
According to provisional data released by the National Statistical Institute (ISTAT) on 30 November, consumer prices dropped 0.1% month-on-month in November, following October’s flat reading. The figure reflected lower prices for services related to recreation, and for services related to transport being only partially offset by higher prices for unprocessed food. Meanwhile, inflation came in at 1.7% in November, marginally above October’s 1.6% print, and the highest print since April 2017.
Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, dropped 0.2% month-on-month in November, a smaller fall than October’s 0.4% decline. Meanwhile, core inflation inched up to 0.9% in November from October’s 0.8%, and harmonized inflation remained unchanged at October’s 1.7%.
Italy Inflation Forecast
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 - Producer Prices Data
|Inflation (PPI, annual variation in %)||-1.1||-1.4||-2.7||-1.9||2.3|
5 years of economic forecasts for more than 30 economic indicators.
Italy Producer Prices Chart
Source: National Statistical Institute (ISTAT) and Met the why particular calculations.
|Bond Yield||3.20||-0.11 %||Nov 29|
|Exchange Rate||1.14||0.65 %||Nov 29|
|Stock Market||19,160||-0.99 %||Nov 29|
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December 3, 2018
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dipped to a near four-year low of 48.6 in November from October’s 49.2.
November 30, 2018
According to provisional data released by the National Statistical Institute (ISTAT) on 30 November, consumer prices dropped 0.1% month-on-month in November, following October’s flat reading.
November 30, 2018
The Italian economy contracted for the first time in nearly four years in the third quarter, weighed down by its shrinking domestic sector.
November 27, 2018
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—edged down to 111.1 points in November from October’s revised 112.5 points (previously reported: 112.6 points), marking the worst reading since December 2016. November’s reading was the result of a deterioration in sentiment in the manufacturing, construction and market services sectors, which more than offset improved sentiment in the retail trade sector.
November 27, 2018
The consumer confidence index released by the National Institute of Statistics (ISTAT) declined to 114.8 points in November from October’s revised 116.5 points (previously reported: 116.6 points). Consumers’ expectations of the future general economic situation and their assessments of the current general economic situation deteriorated, driving the downturn, likely due to growing concerns about the recent turbulence in the financial markets and the stagnation of the economy in the third quarter.