Italian November Inflation Rate Confirmed at 0.9%

Consumer prices in Italy increased 1.9 percent year-on-year in November of 2017, easing from a 1 percent gain in the previous month and matching the preliminary estimate. It was the lowest inflation rate since December last year, mainly led by slowing prices of food and restaurants and hotels. Meantime, cost fell slightly more for education.
Istat | Luisa Carvalho | 12/14/2017 10:32:34 AM
Year-on-year, prices increased less for: food and non-alcoholic beverages (1.9 percent vs 2.1 percent in October), namely unprocessed food (3.2 percent vs 3.8 percent) and restaurants and hotels (1.1 percent vs 1.7 percent). Meantime, inflation rate was steady for housing and utilities (2 percent); miscellaneous goods and services (0.6 percent); health (0.1 percent); clothing and footwear (0.2 percent) and alcoholic beverages and tobacco (0.1 percent). In addition, cost fell further for education (-16.2 percent vs -16.1 percent).

Conversely, prices went up at a faster pace for transport (2.7 percent vs 2.4 percent) and recreation and culture (0.5 percent vs 0.4 percent).

Annual core inflation rate, which excludes energy and unprocessed food eased to 0.4 percent, following a 0.5 percent increase in October. Excluding only energy, the inflation slowed to 0.6 percent from 0.7 percent in the prior month.

On a monthly basis, consumer prices decreased 0.2 percent, the same as in October.

The harmonized index went down 0.2 percent on the month (from a flat reading in October) and inched up 1.1 percent on the year (the same pace as in October).

Italian November Inflation Rate Confirmed at 0.9%