Italy Inflation Rate Down to 1.9 Percent in February


In February 2013, the Italian consumer price index for the whole nation increased by 0.1 percent compared with the previous month and by 1.9 percent with respect to February 2012 (0.3 points lower than in January 2013).

The fifth consecutive Italian inflation slowdown is partially due to the annual growth rate decrease of prices of Food and non-alcoholic beverages (+2.4 percent, from +3.1 percent in January).Also Communication had a downward impact effect on inflation. The main cause is the large decrease of Wireless telephone services (-7.0 percent compared with the previous month, -7.9 with respect to February 2012).

In February 2013, the Italian harmonized index of consumer prices decreased by 0.2 percent compared with the previous month and rose by 2.0 percent with respect to February 2012 (0.4lower than in January 2013).The further decrease on monthly basis, was mainly due, as in January, to the clothing and footwear winter sales dynamics, which are not taken into account in the national index.
 

ISTAT | Nuno Fontes | nuno@tradingeconomics.com
3/1/2013 10:15:10 AM