2018 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Italy : CPI  
Released On 7/31/2018 5:00:00 AM For Julp, 2018
PriorConsensusActual
Month over Month0.2 %0.2 %0.3 %
Year over Year1.3 %1.4 %1.5 %

Highlights
Consumer prices provisionally rose 0.3 percent on the month in July. This put the annual inflation rate at 1.5 percent, up a couple of ticks from June's final print and its highest reading since April 2017.

The flash HICP was down a hefty, but largely seasonal, 1.4 percent versus June to yield a 1.9 percent 12-month rate, 0.5 percentage points firmer than at quarter-end and also its strongest mark since April last year.

However, the acceleration in annual inflation was dominated by regulated energy charges where the rate jumped from minus 1.2 percent to 5.3 percent. The impact of this was only partially offset by a slowdown in transport services (1.7 percent after 2.9 percent). Significantly, the core rate, which excludes unprocessed food and energy, dipped from 0.8 percent to 0.7 percent, effectively leaving intact a longstanding flat underlying trend.

Accordingly, the headline data are misleadingly strong. On current trends, underlying Italian inflation looks likely to remain subdued for a long while yet.

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
 
 

2018 Release Schedule
Released On: 1/51/162/22/222/283/163/304/174/305/165/316/156/287/177/31
Release For: DecDecJanJanFebFebMarMarAprAprMayMayJunJunJul
 
Released On: 8/138/319/149/2810/1610/3111/1611/3012/14
Release For: JulAugAugSepSepOctOctNovNov
 


powered by  [Econoday]