Italy’s Inflation Confirmed at 0.7% in January


In January of 2014, the Italian consumer price index rose by 0.2 percent compared with the previous month and by 0.7 percent with respect to January of 2013, the same annual rate of December. Final data confirms the provisional estimates.

The annual rate of prices of goods fell to 0.3 percent (from +0.4 percent in December), while the annual rate for services rose to 1.1 percent (+1.0 percent in the previous month). As a consequence, the inflationary gap between services and goods increased by 0.2 percentage points with respect to December 2013.

On a monthly basis, seasonal factors had an impact on the large rise of prices of fresh vegetables (+4.6 percent compared with December) and in price increases of most aggregates of goods and services; transport prices dropped 0.6 percent mainly due to seasonal factors.

Core inflation (all-items excluding energy and unprocessed food) rose to 1.0 percent from 0.9 percent in December 2013; excluding energy, the inflation was stable to 1.0 percent.

The harmonized index of consumer prices decreased by 2.1 percent compared with the previous month and rose by 0.6 percent with respect to January 2013. Final data confirm the preliminary ones. 

Italy’s Inflation Confirmed at 0.7% in January


Istat | Joana Taborda | joana.taborda@tradingeconomics.com
2/21/2014 9:36:18 AM