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Italy Dec Flash Inflation At -0.3% Y/Y

ITALY DATA
  • Preliminary December HICP +0.2% m/m, -0.3% y/y (Nov -0.3% y/y) —ISTAT
  • Main domestic index (NIC) December +0.3% m/m, -0.1% y/y (Nov -0.2% y/y)
  • 2020 full year average HICP falls to -0.1% vs 2019 +0.6% (prelim data)-ISTAT
  • 2020 full year average NIC inflation falls to -0.2% vs 2019 +0.6% (prelim data)-ISTAT
  • 2020 full yr av NIC dip largest since 1959 (-0.4%), 2016 (-0.1%)--ISTAT
  • 2020 average NIC dip imputed to fall in energy prices--ISTAT
  • December core HICP inflation +0.7% y/y vs Nov +0.4% y/y.
  • Net-of-energy December HICP index +0.7% y/y vs Nov +0.6% y/y
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com