#stayhome Maintain the distance, wash your hands, and follow instructions from the health authorities.
RSS   Newsletter   Contact   Advertise with us

Italy inflation inches up in January

Share on Twitter Share on LinkedIn
Christian Fernsby ▼ | February 5, 2020
Consumer prices in Italy rose 0.2% month-on-month in January, matching December’s increase, according to preliminary data released by the National Statistical Institute (ISTAT) on 4 February.
Italy street
Economy in Italy   Italy street
The figure mainly reflected higher prices for food and non-alcoholic beverages and alcoholic beverages and tobacco, which more than offset lower prices for recreation and culture—influenced by seasonal factors.

Topics: Italy inflation

Meanwhile, inflation accelerated from 0.5% in December to 0.6% in the first month of the year.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, increased 0.2% from the previous month in January, mirroring December’s uptick.

Meanwhile, core inflation accelerated from December’s 0.7% to 0.8%, while harmonized inflation was stable at December’s 0.5% in January.

The Central Bank expects harmonized inflation of 0.9% in 2020 and 1.4% in 2021.

FocusEconomics panelists also expect harmonized inflation to average 0.9% in 2020, which is down 0.1 percentage points from the previous month’s projection.

For 2021, panelists expect harmonized inflation to average 1.2%.


 

MORE INSIDE POST