Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Italy posts second straight month of deflation in September

Published 30/09/2014, 10:10
© Reuters Employee arranges pricetags at vegetables work bench during the opening day of upmarket Italian food hall chain Eataly's flagship store in downtown Milan

Sept 30 (Reuters) - Italian EU-harmonised consumer prices (HICP) rose 1.8 percent in September from the month before but were down 0.2 from the year earlier, preliminary data showed on Tuesday, adding to concerns about deflation.

The HICP reading exactly matched the median forecast in a Reuters survey of 18 analysts and marked the second straight month of falling prices on an annual basis. The 0.2 percent drop was identical to August's result.

ISTAT also reported that the main domestic price index (NIC) fell a preliminary 0.3 percent on the month, and declined 0.1 percent annually.

The monthly jump in the EU harmonised index was due to the rebound in clothes prices following summer discount sales. The NIC index excludes items affected by seasonal discounts.

© Reuters. Employee arranges pricetags at vegetables work bench during the opening day of upmarket Italian food hall chain Eataly's flagship store in downtown Milan

Core inflation (net of fresh food and energy) was running at +0.5 percent y/y on the NIC index in September, stable at August's rate. No core inflation data is available for the HICP.

(Gavin Jones, Rome newsroom +39 06 8522 4350, gavin.jones@thomsonreuters.com)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.