Italy’s inflation down by 0.1% in February – Istat

The Italian national consumer price index (NIC) decreased by 0.1% compared with the previous month, but rose by 0.5% compared with the same time last year.

According to the Italian National Institute of Statistics (Istat), the slowdown of inflation was mainly due to volatile components, such as unprocessed food and energy.

Excluding these components, core inflation was stable at 1.0%. Also excluding only energy, the inflation was stable at the same value observed in January 2014 (+1.0%).

“The decrease on monthly basis of All items index was mainly due to the decline of prices of Fresh vegetables and Fresh fruit (respectively -4.4% and -0.7% compared with January 2014) ‒ on which seasonal factors had an impact ‒ and to monthly decrease of prices of Non-regulated energy products (-0.9%); the monthly decrease of prices of Services related to communication (-0.7%) had a downward impact, too,” Istat also said.

 

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