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Italian CPI Declines to 4.0% in August |
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European Economy |
Written by CEP News |
Aug 29 08 10:28 GMT |
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(CEP News) - According to a preliminary report from the Italian Statistics Institute (ISTAT) on Friday, headline inflation for the country declined to 4.0% in August, in line with expectations and below the previous month's 4.1% reading.
In month-over-month terms, CPI rose 0.1% despite expectations from a 0.5% increase. July's figure had showed a 0.5% rise in consumer prices. Meanwhile, the harmonized index of consumer prices (HICP) rose to 4.2% from 4.0% in July despite expectations for no change. In month-over-month terms, HICP was flat despite predictions for a 0.2% contraction and the previous month's 0.6% pullback. By Erik Kevin Franco,
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, edited by Nancy Girgis,
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