Italy: Inflation eases in November
December 14, 2015
Consumer prices fell 0.4% in November over the previous month, which matched market expectations and the preliminary estimate released by the National Statistical Institute on 30 November. November’s print contrasted the 0.2% rise tallied in October and marked a multi-year low. The fall mainly reflected significant decreases in prices of services related to recreation and to transport. Inflation slowed from October’s 0.3% to 0.1% in November, which marked a six-month low.
Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, fell 0.5% in November over the previous month, contrasting October’s 0.1% increase. Core inflation tallied 0.7% in November (October: 0.9%). Finally, annual harmonized inflation came in at 0.2% in November, which was below October’s 0.3%.
Author: Eric Denis , Economist