Italiano
Prezzi al consumo

Consumer prices

In February 2017, the Italian consumer price index for the whole nation (NIC) increased by 0.4% on monthly basis and by 1.6% with respect to February 2016 (the flash estimate was +1.5%), up from +1.0% in January 2017.

The increase, in February, of the annual rate of change of All items index, was mainly due to the speed-up of the annual growth of prices of Unprocessed food (+8.8%, from +5.3% in January) and of Non-regulated energy products (+12.1%, from +9.0% in the previous month). Other contributions were brought by Services related to transport (+2.4%, from +1.0% in January) and by Regulated energy products (-1.6%, from -2.8% in the previous month).

Therefore, excluding energy and unprocessed food, core inflation slightly increased (+0.6% from +0.5% in January); excluding energy the inflation was +1.3%, from +0.8% in the previous month.

The annual rate of change of prices of Goods was +2.0% (up from +1.2% in January) and the annual rate of change of prices of Services was +0.9% (up from +0.7% in the previous month). As a consequence, the negative inflationary gap between Services and Goods increased with respect to January (-1.1 percentage points, from -0.5 in January).

The increase on monthly basis of All items index was mainly due to the rise of prices of Unprocessed food (+3.0%), of Regulated and Non-regulated energy products (respectively +1.1% and +0.5%) and of Services related to transport (+1.0%).

Prices of Grocery and unprocessed food increased by 1.1% on monthly basis and by 3.1% on annual basis (from +1.9% in the previous month).

In February 2017, the rate of change of Italian harmonized index of consumer prices (HICP) increased by 0.2% with respect to the previous month and by 1.6% with respect to February 2016 (the annual rate of change observed in January was +1.0%).The flash estimate was confirmed.

Core inflation measured by Italian HICP was +0.6% and inflation excluding Energy, food, alcohol and tobacco was +0.7% (both up from +0.5% in January); inflation excluding Energy was +1.3% (0.4 percentage points higher than in the previous month).

In February 2017, the Italian harmonized index of consumer prices at constant tax rates (HICP-CT) increased by 0.1% compared with the previous month and by 1.5% with respect to February 2016 (0.1 lower than HICP). Therefore, the difference between HICP and HICP-CT growth rates - which incorporates the effects of changes in indirect taxes occurred in the last twelve months - ,that was null for three consecutive months, turned positive and equal to 0.1.

tags:
consumer prices, consumptions, CPI, HICP, inflation, price, statistics flash
theme:
Prices
document typology:
Press release
Reference period
February 2017
Date of publication
15 March 2017
Next release
31 March 2017
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Archive Consumer prices

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