Free Trial

MNI BRIEF: Bank Of Italy Downgrades 2024 Inflation Forecast

(MNI) ROME

Italian inflation is set to fall to 1.3% in 2024, the Bank of Italy said in its macroeconomic projections on Friday, announcing a sharp downward revision from December projections that saw inflation at 1.9% due to lower energy and intermediate good prices.

The forecast assumes the international outlook "won't cause significant tensions on energy and financial markets.” With these assumptions inflation is seen at 1.7% both in 2025 and 2026, with the slight pickup due to rising wages.

Keep reading...Show less
150 words

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.

Italian inflation is set to fall to 1.3% in 2024, the Bank of Italy said in its macroeconomic projections on Friday, announcing a sharp downward revision from December projections that saw inflation at 1.9% due to lower energy and intermediate good prices.

The forecast assumes the international outlook "won't cause significant tensions on energy and financial markets.” With these assumptions inflation is seen at 1.7% both in 2025 and 2026, with the slight pickup due to rising wages.

Keep reading...Show less