Italian Inflation Rate Edges Up to 1.2% in April


In May 2013, according to provisional estimates, 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 May 2012 (0.1 higher than in April 2013).

The slight speed up of the Italian inflation, the first one after seven consecutive slowdowns, was mainly due to the upward impacts of Food and non-alcoholic beverages (+3.1 percent on annual basis, up from +2.7 percent observed in April) and of Transport (+0.1 percent on annual basis, from -0.2 percent observed in the previous month).

With regard to Food and non-alcoholic beverages, the main cause was the large increase of Fresh Fruit prices (+7.1 percent compared with the previous month, +9.7 percent with respect to May 2012).

Concerning Transport, the upward impact effect was mainly due to the increase of prices of Passenger transport by air (+5.2 percent on monthly basis; +14.2 percent on annual basis, from -0.4 percent observed in April). In the same division, on the other hand, Fuels and lubricants had a large downward impact (-3.0 percent compared with the previous month; -5.3 percent with respect to May 2012, from -4.1 percent observed in April 2013).

ISTAT | Nuno Fontes | nuno@tradingeconomics.com
5/31/2013 10:20:24 AM