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IT Annual Inflation Weaker Than Expected

ITALY DATA
  • Prel Mar HICP +1.8% m/m, +0.6% y/y (Feb +1.0% y/y), coming in below expectations (BBG: +0.8%)
  • End of winter sales drove m/m HICP increase--Istat says
  • Main domestic index (NIC) Mar +0.3% m/m, +0.8% y/y (Feb +0.6% y/y)
  • 3rd consec. NIC CPI y/y uptick matched May 2019 levels--Istat says
  • Non-regulated energy speed-up fueled y/y NIC rise--Istat says
  • Mar core HICP inflation +0.6% y/y vs Feb +1.4% y/y.
  • Net-of-energy Mar HICP index +0.6% y/y vs Feb +1.4% y/y
  • Flash Mar HICP data provides +0.9% "acquired" inflation.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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