Italy'S Inflation In January Decreased By 1.8%, Due To The Discount Of New Year'S Clothing And Footwear.
February 3rd Italy Statistical Bureau (ISTAT) announced on Friday (February 3rd)
data
It shows that the monthly rate of consumer price (HICP) data in Italy after January was reduced by 1.8%, and the annual growth rate slowed down to 3.4% and the former value increased by 3.7%.
Italy's HICP growth in January is broadly in line with expectations.
The median expected value for the month is 1.8%, and the annual rate is 3.5%.
The data also showed that Italy's domestic prices were mainly in January.
index
The monthly rate of consumer price index (CPI) rose 0.3%, an increase of 0.2% over the expected period, and 0.4% in the 12 month of last year.
Compared with the same period last year, the annual rate of CPI increased by 3.2% in January, slightly higher than the expected increase of 3.2%, and the annual rate increased by 3.3% in December last year.
Italy's HICP decline in January was mainly due to discounted sales of clothing and footwear during the new year, the Statistics Bureau said.
The main domestic price index (NIC) does not include the prices affected by temporary sales.
Inflation in Italy (HICP) will be greatly affected by the average inflation level in the euro area.
Data released by the European Union statistics bureau (Eurostat) on Wednesday (February 1st) showed that the euro zone was in January.
Reconcile
Inflation has increased by 2.7% annually.
In January, the core CPI (excluding fresh food and energy) in Italy's domestic price index (NIC) increased by 2.4%, and the previous value rose by 2.4%.
The core data of HICP is not yet available.
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