Italy Inflation Rate Down to 1.2% in April


In April 2013, the Italian consumer price index for the whole nation increased by 0.1 percent compared with the previous month and by 1.2 percent with respect to April 2012 (0.4pp lower than in March 2013).

The Italian inflation slowdown was mainly due to downward impact effect of Transport and Housing, water, electricity, gas and other fuels. The main cause was the decrease of prices of fuels and lubricants (-4.1 percent with respect to April 2012), of town gas and natural gas (+2.2 percent on annual basis, down from +7.1 percent in March 2013) and of electricity (+5.1 percent on annual basis, down from +9.5 percent in March 2013).

The index increase with respect to the previous month was mainly due to the rise on monthly basis of prices of communication (+2.2 percent) and restaurant and hotel (+1.3 percent); on the latter ones, seasonal factors had an impact.
 
In April 2013, the Italian harmonized index of consumer prices (HICP) increased by 0.3 percent compared with the previous month and by 1.3 percent with respect to April 2012 (0.5 lower than in March 2013).

 


Istat | Nuno Fontes | nuno@tradingeconomics.com
4/30/2013 10:16:17 AM