Free Trial

MNI: ITALY DATA: Final HICP (Apr 2019) Preview -.....>

MNI, NEWS
MNI: ITALY DATA: Final HICP (Apr 2019) Preview - 09:00 BST
-------------------------------------------------------------------------------
- Flash (Apr): 0.6% m/m, 1.2% y/y; Previous (Mar): 2.3% m/m, 1.1% y/y
- Final data is expected to register in line with the flash estimate...
- ...which showed annual HICP inflation accelerating by 0.1pp
- Istat reported that the higher annual rate was mainly due to an uptick in
transport-related services prices...
- ... which offset a cooling in food inflation
- Core inflation (excluding energy & unprocessed food) rose to just 0.6% from
0.4% in Mar...
- ... illustrating that underlying price pressures remain weak
- Italy's unemployment rate is still stuck in double digits...
- ... and unless it decreases substantially going forward, significantly higher
core price growth is unlikely to emerge
- A higher savings rate amid currently elevated economic uncertainty is also
restraining demand-led price pressures

To read the full story

Close

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.