Italy inflation drops 0.2% on a monthly basis in MayStaff Writer | June 16, 2017
According to revised data released by the National Statistical Institute (Istat), consumer prices dropped 0.2% on a monthly basis in May, contrasting April’s 0.4% increase.
Europe Core inflation was 0.7% in May
Meanwhile, inflation came in at a four-month low of 1.4% in May, decelerating from April’s 1.9% print.
Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, declined 0.2% in May on a monthly basis, contrasting April’s 0.6% increase.
Core inflation was 0.7% in May, below April’s 1.1%. Finally, harmonized inflation came in at 1.6%, down significantly from April’s 2.0%
FocusEconomics Consensus Forecast panelists expect inflation of 1.0% in 2017, which is up 0.1 percentage points from last month’s projection. For 2018, panelists expect inflation to average 1.2%. ■