Italian Inflation Rate Steady at 0.2% in September


Consumer prices in Italy increased by 0.2 percent year-on-year in September of 2015, the same pace as in the previous three months and below preliminary estimations of 0.3 percent growth. While cost of food increased at a faster pace, prices of transportation continued to drag the inflation down.

Year-on-year, cost of food and non-alcoholic beverages went up by 1.5 percent, against a 0.9 percent growth in August boosted by higher prices of unprocessed food (+3.3 percent, from +1.9 percent in August); Meanwhile, transport prices declined further by 3.3 percent, against a 2.9 percent fall in the previous month due to lower prices of non-regulated energy (-12.8 percent, from -10.4 percent in August). 

Upward pressure came from: restaurants and hotels (+1.5 percent); miscellaneous goods and services (+0.4 percent); health (+0.6 percent); furnishings and household equipment (+0.3 percent); and clothing and footwear (+0.5 percent). By contrast, prices of housing and utilities fell 0.2 percent.

Annual core inflation rate (excluding energy and unprocessed food) was recorded at 0.8 percent.

On a monthly basis, consumer prices dropped by 0.4 percent, following a 0.2 percent increase in August and missing first estimates of 0.3 percent fall, mainly due to lower prices of services related to transport (-4 percent), partially offset by higher prices of unprocessed food (+1.7 percent).

Harmonised consumer prices increased by 0.2 percent year-on year and by 1.6 percent on a monthly basis.

Italian Inflation Rate Steady at 0.2% in September


Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
10/14/2015 10:41:44 AM