ROME (Reuters) -Italian EU-harmonised consumer prices (HICP) rose by a preliminary 1.3% month-on-month in September, with annual inflation increasing to 1.8%, data showed on Tuesday. The reading was
Italy's September Inflation Rate Hits 1.8%, Exceeding Expectations
Overview of Italy's Inflation Data
ROME (Reuters) -Italian EU-harmonised consumer prices (HICP) rose by a preliminary 1.3% month-on-month in September, with annual inflation increasing to 1.8%, data showed on Tuesday.
Monthly and Annual Inflation Rates
The reading was slightly above a median forecast in a Reuters survey of 8 analysts, which pointed to an increase of 1.1% month-on-month and a year-on-year rise of 1.7%.
Core Inflation Analysis
Official statistics agency ISTAT also reported that the main domestic price index (NIC) was down 0.2% on the month and up 1.6% annually in September, following a 1.6% annual rate in August.
Comparison with Analyst Forecasts
Core inflation (net of fresh food and energy) was stable at 2.2% year-on-year on the HICP index in September.
(Reporting by Antonella Cinelli, graphic by Stefano Bernabei, editing by Gavin Jones)
