- Prior +1.8%
- Core CPI Y/Y +2.0% vs +2.0% prior
- Full report here
Big downside surprise in the headline inflation data, but the core figure remained unchanged.
From the agency:
The slow down of the annual inflation rate was mainly due to the prices of Regulated energy products (from +13.9% to -0.8%), of Unprocessed food (from +4.8% to +1.9%) and, to a lesser extent, of Services related to transport (from +2.4% to +2.0%). At the opposite, an upward contribution to the inflation rate came from the prices of Services related to recreation, including repair and personal care (from +3.1% to +3.3%).
This article was written by Giuseppe Dellamotta at investinglive.com.