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Italy: Pace of decline in annual prices stable in September

Christian Fernsby ▼ | October 1, 2020
Consumer prices fell 0.6% month on month in September, contrasting August’s 0.3% increase.
Italy street
Decline   Italy street
The figure mainly reflected lower prices for services related to transport and for services related to recreation mainly due to seasonal factors, FocusEconomics reports.

Topics: Italy

Meanwhile, prices were 0.5% lower from the same month of the previous year, matching August’s decline—which had marked the lowest reading since June 2016.

Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, fell 0.8% from the previous month in September, contrasting August’s 0.4% increase.

Meanwhile, core inflation ticked down from 0.3% in August to 0.1% in September, while harmonized prices fell 0.9% compared the same period of 2019, following August’s 0.5% drop.

FocusEconomics panelists also expect harmonized prices to dip, on average, 0.1% in 2020, which is down 0.2 percentage points from the previous month’s projection.

For 2021, panelists expect harmonized inflation to average 0.8%.


 

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