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- Italian preliminary CPI above expectations in February
Italian preliminary CPI above expectations in February
In February 2017, according to preliminary estimates, the Italian consumer price index for the whole nation (NIC) increased by 0.3% on monthly basis and by 1.5% with respect to February 2016, up from +1.0% in January 2017.
The increase, in February, of the annual rate of change of All items index was mainly due to the speed-up of the annual growth of prices of Unprocessed food (+8.8%, from +5.3% in January), of Non-regulated energy products (+12.1%, from +9.0% in the previous month) and of Services related to transport (+2.4%, from +1.0% in January).
Therefore, excluding energy and unprocessed food, core inflation was +0.6%, up from +0.5% in the previous month; excluding energy the inflation was +1.3%, from +0.8% in January.
The annual rate of change of prices of Goods was +1.9% (up from +1.2% in January) and the annual rate of change of prices of Services was +0.9% (up from +0.7% in the previous month). As a consequence, the negative inflationary gap between Services and Goods doubled with respect to January (-1.0 percentage points from -0.5 in January).
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