Italian Inflation Rate Steady at 0.2% in August

Consumer prices in Italy are expected to increase by 0.2 percent year-on-year in August of 2015, the same pace as in the previous month and slightly above market expectations.
Istat | Joana Ferreira | 8/31/2015 10:33:17 AM
Compared with August of 2014, upward pressure came from higher cost of: food and non alcoholic beverages (+0.9 percent); restaurants and hotels (+1.4 percent); miscellaneous goods and services (+0.2 percent); health (+0.6 percent); recreation and culture (+0.9 percent); furniture and household equipment (+0.3 percent); and, clothing and footwear (+0.5 percent). 

In contrast, cost of transportation, housing and utilities, and communication fell by 2.9 percent, 0.3 percent and 0.5 percent, respectively.

Meanwhile, core inflation rate (excluding energy and unprocessed food) was recorded at 0.7 percent.

On a monthly basis, consumer prices are expected to increase 0.2 percent, following a 0.1 percent decline in July, mainly to higher prices of services related to transport (+2.9 percent) and services related to communications (+1.8 percent); by contrast, prices of non-regulated energy goods decreased by 2.5 percent.

Harmonised consumer prices increased 0.5 percent year-on year while remained stable on a monthly basis.

Italian Inflation Rate Steady at 0.2% in August