2018 Economic Calendar
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Italy : CPI  
Released On 6/28/2018 5:00:00 AM For Junp, 2018
PriorConsensusActual
Month over Month0.3 %0.2 %0.3 %
Year over Year1.0 %1.2 %1.4 %

Highlights
Consumer prices rose 0.3 percent on the month in June. This was enough to lift the annual inflation rate by 0.4 percentage points to 1.4 percent, matching its highest mark since April 2017.

The flash HICP largely followed suit with a 0.3 percent monthly increase that raised its yearly rate from 1.0 percent to 1.5 percent.

However, the acceleration in the annual CPI rate was largely due to the more volatile subsectors. In particular, there were significant rises in the rates for non-regulated energy products (from 5.3 percent to 9.4 percent) and both processed food (from 1.7 percent to 2.4 percent) and unprocessed food (from 2.4 percent to 3.4 percent). In addition, there was a significant increase in transport services (2.9 percent after 1.7 percent). As a result, core inflation which excludes fresh food and energy, edged just a tick higher to 0.9 percent.

Accordingly, despite the pick-up in the headline rate, underlying inflation remains on an essentially flat trend, in keeping with the longstanding sluggish upswing in economic activity.

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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