off-the-wire

Italy February EU-harmonised CPI revised to +9.8% y/y

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 16 (Reuters) - Italian EU-harmonised consumer prices (HICP) rose 0.1% month-on-month in February and were up 9.8% from the year earlier, official statistics agency ISTAT said on Thursday, revising down preliminary data. The preliminary estimate had pointed to +0.2% month-on-month and +9.9% year-on-year.


February's 9.8% annual rate was down from +10.7% in January. The main domestic price index (NIC), rose 0.2% on the month and increased 9.1% annually, declining from a 10.0% annual rate in January. However, core inflation (net of fresh food and energy) rose to +7.0% year-on-year on the HICP index in February, up from +6.6% in the month before.


ISTAT gave the following details:


The EU-harmonised index (HICP):


FEB JAN DEC Monthly change +0.1r -1.5 +0.2 Yr/yr inflation +9.8r +10.7 +12.3 Index (base 2015=100) 119.4r 119.3 121.1


The NIC index: Monthly change +0.2r +0.1 +0.3 Yr-on-yr inflation +9.1r +10.0 +11.6 Index (base 2015=100) 119.3r 119.1 119.0
(Reporting by Chiara Bontacchio; editing by Valentina Consiglio)

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