Italy May final CPI +3.2% vs +3.2% y/y prelim
- CPI +3.2% vs +3.2% y/y prelim
- Prior +2.7%
- HICP +3.2% vs +3.3% y/y prelim
- Prior +2.8%
The final estimates here confirm that Italy’s headline annual inflation accelerated in May, largely due to the energy price dynamics.
Of note, prices for non-regulated energy products were seen up 12.5% compared to a year ago (+9.5% prior) and for regulated energy products up 5.6% relative to May last year (5.3% prior).
As for core annual inflation, that is seen moving up to 1.7% in May – a slight nudge higher compared to the 1.6% reading in April.
The breakdown shows goods price inflation also coming in higher at 3.4% (previously 3.1%) and services inflation also the same at 2.8% (previously 2.4%).
This article was written by Justin Low at investinglive.com.