Italy Jan EU-harmonised CPI revised to +10.7% y/y
Reuters
Published Feb 22, 2023 04:12AM ET
(Reuters) - Italian EU-harmonised consumer prices (HICP) fell 1.5% month-on-month in January and were up 10.7% from the year earlier, official statistics agency ISTAT said on Wednesday, revising down preliminary data.
The preliminary estimate had pointed to -1.3% month-on-month and +10.9% year-on-year.
January's +10.7% annual rate was down from +12.3% in December.
The main domestic price index (NIC (NASDAQ:EGOV)), rose 0.1% on the month and increased 10.0% annually, declining from an 11.6% annual rise in December.
Core inflation (net of fresh food and energy) was running at +6.6% year-on-year on the HICP index in January, up from +6.5% in the month before.
ISTAT gave the following details:
The EU-harmonised index (HICP):
Jan Dec Nov
Monthly change -1.5r +0.2 +0.7
Yr/yr inflation +10.7r +12.3 +12.6
Index (base 2015=100) 119.3r 121.1 120.8
The NIC index:
Monthly change +0.1r +0.3 +0.5
Yr-on-yr inflation +10.0r +11.6 +11.8
Index (base 2015=100) 119.1r 119.0 118.7
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Written By: Reuters
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