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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
ITALY DATA
MNI (London)
ITALY MAY FLASH HICP +0.9% M/M, +7.3 Y/Y; APR +6.3% Y/Y
ITALY MAY FLASH 'NIC' CPI +0.9% M/M, +6.9% Y/Y; APR +6.0% Y/Y
ITALY FLASH NIC CPI Y/Y AT MAR '86 LEVELS (+7.0%)--ISTAT
ITALY MAY FLASH CORE HICP +3.4% Y/Y VS APR +2.6% Y/Y
- The May flash Italian inflation print beat forecasts across the board this morning, with HICP jumping 1pp to +7.3% y/y, 0.6pp above consensus estimates.
- Core inflation soared 0.8pp to +3.4% y/y in the harmonised reading, highlighting further spill over of price increases across the wider economy.
- Energy accounted for the bulk of the surge in inflation, up 42.2% y/y (vs April 39.5%), whilst food and alcohol also rose +7.1% (vs April 6.1%) whilst services jumped 2pp to +4.4% y/y.
Source: ISTAT
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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