Italy May harmonised CPI confirmed at +0.8% y/y

Italian EU-harmonised consumer prices (HICP) rose 0.2% month-on-month in May and were also up 0.8% from the year earlier, official statistics agency ISTAT said on Monday, confirming preliminary data.

May’s 0.8% annual rate was down from +0.9% in April.

The main domestic price index (NIC), rose 0.2% on the month and increased 0.8% annually, remaining unchanged from a 0.8% annual rise in April.

Core inflation (net of fresh food and energy) was running at 2.2% year-on-year on the HICP index in May, down from +2.3% in the month before.
Source: Reuters (Reporting by Laura Contemori, editing by Valentina Consiglio)