Italy Inflation Rate Confirmed at 1.6% in October

The annual inflation rate in Italy increase to 1.6 percent in October of 2018 from 1.4 percent in the previous month, in line with a preliminary estimate. Prices advanced faster mainly for energy, both regulated and non-regulated energy products.

Year-on-year, prices rose at a faster pace mainly for: housing & utilities (4.8 percent from 2.7 percent), amid higher prices of regulated energy (10.7 percent from 5.6 percent) and non-regulated energy (9.5 percent from 9.3 percent) and miscellaneous goods and services (2.6 percent from 2.4 percent). On the other hand, cost slowed for food and non-alcoholic beverages (0.7 percent from 1.5 percent); transport (3.9 percent from 4.1 percent); restaurant and hotels (1.2 percent from 1.3 percent); health (0.1 percent from 0.2 percent); clothing and footwear (0.2 percent from 0.3 percent); furniture and household equipment (0.1 percent from 0.2 percent) and alcoholic beverages & tobacco (3.2 percent from 3.4 percent).

Annual core inflation rate, which excludes energy and unprocessed food, was unchanged at 0.7 percent. Excluding only energy, the inflation eased to 0.8 percent from 0.9 percent in September. 

On a monthly basis, consumer prices showed no growth, after a 0.5 percent drop in the prior month.  

The harmonized index of consumer prices rose by 1.7 percent from the previous year (1.5 percent in September); and advanced by 0.2 percent month-over-month (1.7 percent in September).

Italy Inflation Rate Confirmed at 1.6% in October

Istat | Agna Gabriel |
11/16/2018 11:32:08 AM