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Italy: consumer price index growth slowed in May
According to preliminary estimates from Istat, in May 2019 the Italian consumer price index for the whole nation (NIC) increased by 0.1% on monthly basis and by 0.9% with respect to May 2018, down from +1.1% in the previous month.
The slowdown of the growth on annual basis of All items index was mainly due to prices of Services related to transport (from +2.8% to +1.6%), of Non-regulated energy products (from +3.7% to +2.4%) and, to a lesser extent, of Services related to recreation, including repair and personal care (from +1.6% to +1.1%).
The core inflation excluding energy and unprocessed food was +0.5% (down from +0.6% in April 2019) and inflation excluding energy was +0.6% (down from +0.7%).
In May 2019, according to preliminary estimates, the Italian harmonized index of consumer prices (HICP) increased by 0.1% on monthly basis and by 0.9% with respect to May 2018, down from +1.1% in the previous month.
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