Italy Inflation Rate Revised Down to 1.1% in April


In April 2013, the Italian consumer price index for the whole nation held steady compared with the previous month and increased by 1.1 percent with respect to April 2012 (0.5 lower than in March 2013) (provisional estimate was 1.2 percent).

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 (+2.0 percent, down from +7.1 percent in March 2013) and of electricity (+5.1 percent, down from +9.5 percent in March).
 
Italian core inflation, calculated excluding energy and unprocessed food, was 1.2 percent, down from 1.4 percent in March. Italian consumer price index, excluding energy, increased by 1.3 percent with respect to April 2012, down from 1.5 percent in March.
 
In April 2013, the Italian harmonized index of consumer prices 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. In this case, final data confirmed the preliminary ones). Core inflation measured by Italian HICP was 1.3 percent, down from 1.5 percent in March.

ISTAT | Nuno Fontes | nuno@tradingeconomics.com
5/14/2013 9:30:14 AM