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Italy inflation declines further in November

Italy inflation declines
Europe   FocusEconomics

According to provisional data by the National Statistical Institute (Istat), consumer prices in Italy dropped 0.2% on a monthly basis in November, matching October’s decrease.


The figure mainly reflected lower prices for services related to recreation, including repair and personal care, and to transport that partly reflected seasonal factors. Meanwhile, inflation came in at a 11-month low of 0.9% in November, decelerating further from the previous month’s 1.0% print.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, fell 0.4% in November month-on-month, matching October’s drop.

Core inflation was 0.4% in November, slightly below October’s 0.5% and the lowest reading in one year. Finally, harmonized inflation came in at 1.1%, mirroring October’s print.

FocusEconomics Consensus Forecast panelists expect inflation of 1.4% in 2018, which is unchanged from last month’s projection. For 2019, panelists expect inflation to average 1.5%.

 

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