Finance
Italy January EU-harmonised CPI confirmed at +1.7% y/y
Published by Global Banking and Finance Review
Posted on February 21, 2025
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on February 21, 2025
(Reuters) - Italian EU-harmonised consumer prices (HICP) fell 0.8% month-on-month in January and were up 1.7% from the year earlier, official statistics agency ISTAT said on Friday, partially revising down preliminary data.
The preliminary estimate had pointed to -0.7% month-on-month and +1.7% year-on-year.
January's +1.7% annual rate was up from +1.4% in December.
The main domestic price index (NIC), rose 0.6% on the month and increased 1.5% annually, accelerating from 1.3% annual rise in December.
Core inflation (net of fresh food and energy) was running at +1.8% year-on-year on the HICP index in January, unchanged from the month before.
ISTAT gave the following details:
Jan Dec Nov
The EU-harmonised index (HICP):
Monthly change -0.8r +0.1 -0.1
Year-on-year inflation +1.7 +1.4 +1.5
Index (base 2015=100) 122.4r 123.4 123.3
The NIC index:
Monthly change +0.6 +0.1 -0.1
Year-on-year inflation +1.5 +1.3 +1.3
Index (base 2015=100) 121.9 121.2 121.1
(Reporting by Claudio Leonel Piacquadio, editing by Valentina Consiglio)
Explore more articles in the Finance category
