Italy Inflation Rate Down to 1.9 Percent in February


In February 2013, 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 lower than in January 2013). Final data confirm provisional estimates.

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).

Italian core inflation, calculated excluding energy and unprocessed food, was 1.5 percent, down from 1.7 percent in January. Italian consumer price index, excluding energy, increased by 1.5 percent with respect to February 2012 (0.3 lower than in January).
 
In February 2013, the Italian harmonized index of consumer prices at constant tax rates decreased by 0.2 percent compared with the previous month and rose by 1.9 percent with respect to February 2012.

ISTAT | Nuno Fontes | nuno@tradingeconomics.com
3/12/2013 9:17:31 AM