Italy Dec EU-harmonised CPI decelerates to 1.4% y/y, 2024 common at 1.1%

ROME (Reuters) – Italian EU-harmonised shopper costs (HICP) rose 0.1% month-on-month in December, with the annual inflation price slowing to 1.4% from 1.5% in November, preliminary figures confirmed on Tuesday.

The info was decrease than anticipated. A Reuters survey of seven analysts had pointed to a 0.3% month-on-month rise and a 1.6% year-on-year enhance.

Official statistics company ISTAT additionally reported that Italy’s annual HICP common price for 2024 got here in at 1.1%, down from 5.9% in 2023, primarily resulting from a pointy lower in vitality costs.

In December the primary home value index (NIC (NASDAQ:EGOV)) was up 0.1% on the month and up 1.3% yearly, following a 1.3% annual price the earlier month.

Core inflation (internet of contemporary meals and vitality) was working at 1.8% year-on-year on the HICP index in December, down from 2.1% in November.

Euro zone inflation final month accelerated, as anticipated, to 2.4% from 2.2% in November, Eurostat reported on Tuesday.

ISTAT gave the next preliminary breakdown:

EU-harmonised index (HICP):

Dec Nov Oct

Month-to-month change 0.1 -0.1 0.3

12 months-on-year inflation 1.4 1.5 1.0

Index (base 2015=100) 123.4 123.3 123.4

The NIC index:

Dec Nov Oct

Month-to-month change 0.1 -0.1 0.0

12 months-on-year inflation 1.3 1.3 0.9

Index (base 2015=100) 121.2 121.1 121.2

ISTAT gave the next sector-by-sector breakdown for the HICP in December:

Sector m/m yr/yr

Meals -0.3 +2.4

Alcoholic drinks, tobacco -0.5 +2.4

Clothes +0.1 +0.7

Housing, electrical energy, gasoline +0.3 0.0

Home items 0.0 +0.3

Well being spending 0.0 +2.3

Transport +0.7 +0.5

Communications 0.0 -5.5

Recreation +0.9 +1.1

Training 0.0 +2.9

Lodges, eating places -0.6 +2.9

Different items, companies +0.3 +2.8