Italy Inflation Rate Down to 1.6% in March


In March 2013, the Italian consumer price index for the whole nation increased by 1.7 percent with respect to March 2012 (0.3 p.p. lower than in February 2013) and by 0.2 percent compared with the previous month.

The sixth consecutive Italian inflation slowdown was mainly due to the decrease of the annual growth rate of prices of Transport (1.7 percent, from 2.5 percent in February). This slowdown is produced by the comparison with March 2012 when large increases of energetic goods prices were recorded.

The consumer price index increase with respect to February was mainly due to the rise on monthly basis of prices of Transport (+1.0 percent) and Restaurants and hotels (+0.8 percent) on which seasonal factors had an impact.
 
Italian core inflation, calculated excluding energy and unprocessed food, was 1.4 percent, down from 1.5 percent in February. Italian consumer price index, excluding energy, increased by 1.5 percent with respect to March 2012 (the same value registered in February 2013).
 
In March 2013, Italian harmonized index of consumer prices increased by 2.3 percent compared with the previous month and by 1.8 percent with respect to March 2012 (0.2 points lower than in February 2013).

ISTAT Nuno Fontes | nuno@tradingeconomics.com
4/12/2013 9:24:48 AM