June 13, 2024 15:13 GMT
MNI BRIEF: Italy’s Inflation Seen Lower In '24 And '25 - BOI
(MNI) ROME
Italian central bank says domestic inflation projected lower in both 2024 and 2025.
Italy’s inflation is seen lower in both 2024 and 2025, the Bank of Italy's latest projections show, lowered by 0.2 pp to 1.1% and 1.5%, respectively.
The BOI projections were fed into the latest ECB round, with the June outlook produced largely by the eurosystem national central banks.
The downward revision is largely a result of moderating energy prices and intermediate goods, the effects of higher wages being largely absorbed by profit margins and moderation in import prices, the Bank of Italy said. The BOI kept growth unchanged at 0.6% for 2024 and revised it down a touch in 2025 and 2026 to 0.9% and 1.1%, respectively.
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