Sept 14 Italian EU-harmonised consumer prices (HICP)
fell 0.1 percent month-on-month in August and also declined 0.1
percent from the year earlier, official statistics agency ISTAT
said on Wednesday, revising down preliminary data.
ISTAT's preliminary reading last month had pointed to flat
readings both month-on-month and year-on-year.
The downward revisions mean Italy has now posted seven
consecutive months of annual price deflation.
ISTAT confirmed preliminary data for the main domestic
price index (NIC), which rose 0.2 percent on the month and fell
0.1 percent on an annual basis, also posting the seventh
straight month of annual deflation.
The lower month-on-month reading for the HICP was due to
summer discount sales of clothes and footwear. The NIC does not
include prices affected by temporary discounts.
Core inflation (net of fresh food and energy) was running at
0.4 percent year-on-year on the NIC index in August, down from
0.6 percent in July. No core inflation data is available on the
ISTAT gave the following details:
The EU-harmonised index (HICP):
AUG JULY JUNE
Monthly change -0.1 -1.9 0.2
Yr/yr change -0.1 -0.2 -0.2
Index (base 2015=100) 98.8 98.9 100.8
The NIC index:
Monthly change 0.2 0.2 0.1
Yr/yr change -0.1 -0.1 -0.4
Index (base 2015=100) 100.3 100.1 99.9
(Gavin Jones, Rome newsroom +39 06 8522 4350,