2018 Economic Calendar
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Italy : CPI  
Released On 5/31/2018 5:00:00 AM For Mayp, 2018
PriorConsensusActual
Month over Month0.1 %0.2 %0.4 %
Year over Year0.5 %0.8 %1.1 %

Highlights
Consumer prices provisionally rose 0.4 percent on the month in May. This raised the annual inflation rate by some 0.6 percentage points versus its final April print to 1.1 percent, equalling its strongest reading since August 2017.

The flash HICP was also up a monthly 0.4 percent, boosting its yearly rate from 0.6 percent to 1.1 percent.

The acceleration in the annual CPI rate was largely attributable to unprocessed food (2.7 percent after 0.7 percent) and non-regulated energy (5.3 percent after 2.7 percent). Transport (1.7 percent after minus 0.7 percent) and tobacco (3.4 percent after 2.8 percent) also contributed. As a result, core inflation, which excludes energy and unprocessed food, climbed 0.3 percentage points to 0.8 percent and so just more than reversed April's 0.2 percentage point fall.

The bounce in Italian inflation this month is in keeping with the spikes seen elsewhere in the Eurozone and will similarly have been boosted by favourable base effects. Underlying trends remain essentially flat.

Definition
The consumer price index (CPI) is a measure of the average price level of a fixed basket of goods and services purchased by consumers. Monthly and annual changes in the CPI provide widely used measures of inflation. A provisional estimate, with limited detail, is released about two weeks before the final data are reported.  Why Investors Care
 
 

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