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- Italian consumer prices rose slightly in January
Italian consumer prices rose slightly in January
According to preliminary estimates form Istat, in January 2020 the Italian consumer price index for the whole nation (NIC) increased by 0.2% on monthly basis and by 0.6% with respect to January 2019 (up from +0.5% in the previous month).
The slight acceleration of the growth on annual basis of All items index was mainly due to the speed-up of prices of Non-regulated energy products (from +1.6% to +3.2%), of Services related to transport (from +1.1% to +2.9%) and of Processed food including alcohol (from +0.4% to +1.0%), partially offset by the widening of the decrease of prices of Regulated energy products (from -7.8% to -9.5%) and by the slowdown of prices of Services related to recreation, including repair and personal care (from +1.3% to +0.8%).
Both core inflation (excluding energy and unprocessed food) and inflation excluding energy were +0.8% (respectively from +0.6% and +0.7%).
The annual rate of change of prices of Goods was +0.1% (from zero) and that one of prices of Services was +1.0% (the same as in the previous month). As a consequence, the inflationary gap between Services and Goods was still positive and equal +0.9 percentage points (+1.0 in December). Prices of Grocery and unprocessed food increased by 1.2% on monthly basis and +0.9% on annual basis (up from +0.6% in the previous month).
In January 2020, according to preliminary estimates, the Italian harmonized index of consumer prices (HICP) decreased by 1.7% on monthly basis and increased by +0.5% with respect to January 2019.
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