Prior +1.2%HICP +1.0% vs +1.0% y/y prelimPrior +1.2%
Slight delay in the release by the source. Looking at the details, services inflation is the one that is keeping higher at 2.5% last month. Meanwhile, goods price inflation is actually recording a -0.2% annual change. Overall, that leaves core annual inflation at 1.7% in Italy to start the year. And that’s sort of the spot that the ECB wants to get inflation to as a whole for the region.
This article was written by Justin Low at investinglive.com.