Recent Updates

  • *** Netherland's GDP Rebased to Chained 2015 Euros. We are Currently Working on Processing These Changes. **
  • Belgium: Business Survey (Jun)
  • Canada: CPI (May), Retail Trade (Apr)
  • Manufacturing Survey - Japan, Germany, France, Euro Area, US, (Flash - Jun); Composite & Services Survey - US (Flash - June)
  • Ireland: Producer & Wholesale Price Indexes (May)
  • Morocco: CPI (May)
  • France: GDP (Q1), Loans (Apr)
  • more updates...

Economy in Brief

Italy's Inflation Hangs High
by Robert Brusca September 15, 2008

Italy’s inflation trends have yet to show decisive signs of turning lower. Italy’s total CPI is still pressing higher. The HICP Core rate shows a more hopeful sign of inflation topping but it shows no clear sign either of moving lower.

The three-month and six-month growth rates are flat at 3.8% and slightly below the Yr/Yr rate of 4.2%. The CPI that offers more inflation detail shows inflation slightly higher over 3 months and six months at 4.2% compared to year/year inflation at 4.1%. But the signals from the HICP and Italian domestic CPI rate are much the same. Across the various Italian CPI commodity categories, inflation is showing neither a tendency to accelerate or decelerate with inflation at a diffusion reading of 50 over three months or six months.

While energy prices are turning lower, there is optimism that inflation will turn lower.

Italy HICP and CPI details
  Mo/Mo % Saar % Yr/Yr
Aug-08 Jul-08 Jun-08 3-Mo 6-Mo 12-Mo Yr Ago
HICP Total 0.4% -0.1% 0.6% 3.8% 3.8% 4.2% 1.7%
Core #N/A -0.2% 0.4% #N/A #N/A #N/A 2.0%
CPI
All 0.1% 0.4% 0.5% 4.2% 4.2% 4.1% 1.6%
CPI ex Tobacco 0.1% 0.4% 0.5% 3.9% 4.2% 4.0% 1.6%
Food 0.4% 0.4% 0.4% 5.2% 5.5% 6.3% 2.4%
Alcohol 0.4% 1.2% 0.5% 8.4% 4.7% 5.1% 2.3%
Clothing & Shoes 0.1% 0.1% 0.1% 1.2% 1.6% 1.7% 1.3%
Rent & Utilities -0.1% 1.1% 0.6% 6.8% 8.7% 8.2% 1.1%
Housing &Furniture 0.1% 0.2% 0.3% 2.2% 2.2% 2.8% 2.7%
Health Care 0.0% 0.2% 0.2% 1.7% 0.5% 0.0% -0.1%
Transport 0.3% 0.3% 1.4% 8.2% 7.6% 7.5% 1.4%
Communication -0.9% -1.1% 0.4% -6.2% -3.7% -3.9% -8.4%
Recreation & Culture 0.0% 0.2% 0.2% 2.0% 1.1% 1.2% 0.9%
Education 0.3% 0.2% 0.3% 3.2% 2.9% 2.5% 2.1%
Restaurant & Hotel 0.2% 0.3% 0.4% 3.8% 3.3% 2.4% 3.2%
Other 0.2% 0.1% 0.2% 2.2% 2.2% 2.9% 2.3%
Diffusion       50.0% 50.0% 91.7%  
Type: Diffusion: Compared to 6-mo 12-mo Yr-Ago.
close
large image