Consumer prices in Italy, harmonized with European Union standards, rose by 2.1% year-on-year in March, according to preliminary data from the Istat statistical agency. The rate of increase accelerated from 1.7% in February and became the highest in a year and a half (since September 2023).
Analysts on average had forecast a 1.9% rise this month, according to Trading Economics,
The increase in consumer prices in March compared to the previous month amounted to 1.6% (after an increase of 0.1% in February).
Consumer prices in Italy, calculated according to local standards, increased by 2% yoy (also the highest in a year and a half) after rising by 1.6% in February.
Energy prices went up by 1.3%, tobacco products by 4.6%, food by 3.3%, and communication services by 0.8%.
Core inflation (excluding volatile energy and food prices) amounted to 1.7% in annual terms this month.
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