Italy Inflation Rate Confirmed At 1.4% In May


Consumer prices in Italy increased 1.4 percent year-on-year in May of 2017, easing from a 1.9 percent rise in the previous period and matching preliminary estimates. Inflation slowed mainly for food and transport.

Year-on-year, prices rose less for food and non-alcoholic beverages, namely unprocessed (1.9 percent vs 2.2 percent in April), transport (3.7 percent vs 5.6 percent), miscellaneous goods and services (0.9 percent vs 1 percent) and increased at the same pace for housing and utilities (3 percent)

In contrast, cost advanced faster for restaurants and hotels (1.9 percent vs 1.8 percent) and recreation and culture (0.5 percent vs 0.4 percent).

Annual core consumer prices, which exclude energy and unprocessed food went up 0.7 percent, compared to a 1.1 percent rise in the previous month. Excluding only energy, consumer prices rose 1 percent (from 1.3 percent in April).

On a monthly basis, consumer prices declined 0.2 percent, compared to a 0.4 percent increase in April

The harmonized index declined 0.1 percent on the month (0.8 percent in April) and rose 1.6 percent on the year (2 percent in April).

Istat |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
6/15/2017 10:12:11 AM