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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 JUL FLASH HICP -1.1% M/M (FCST -0.9%); JUN +1.2% M/M
ITALY JUL FLASH HICP +8.4% Y/Y (FCST 8.8%); JUN +8.5% Y/Y
ITALY JUL FLASH HICP CORE +4.3% Y/Y; JUN +4.0% Y/Y
- Italian inflation deceleration in July, coming in at +8.4% y/y, down 0.1pp and a significant 0.4pp below forecasts.
- On the month a -1.1% contraction was recorded in the flash, following June's +1.2% m/m expansion.
- A substantial slowdown in energy prices was recorded (+42.9% y/y in July vs +48.7% in June).
- ISTAT states that the July slowdown was largely due to a small easing of goods prices, whilst services continued to accelerate.
- Despite the decrease in headline inflation, core CPI jumped 0.3pp to a 1996 high of +4.3% y/y in the July flash, underscoring the continued growth of broad-based prices. As such, the softer headline surprise consitutes continued inflationary growth in Italy.
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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