Consumer prices: provisional data
The Consumer Price Index measures the change in prices over time of a set of goods and services (CPI basket) representative of Italian household consumption.
Istat estimates that in January 2012:
- the National Consumer Price Index for the whole nation CPI (see Italian NIC) - used to measure inflation over the entire Italian economic system - rose by 0.3% compared to the previous month and by 3.2% in comparison to the same month of the previous year;
- the EU Harmonized Index of Consumer Prices HICP (see Italian IPCA) - developed to facilitate the comparison of inflation between Member States - declined by 1.8% compared to the previous month and rose by 3.4% in comparison to the same month of the previous year.