Italy November preliminary CPI +1.4% vs +1.4% y/y expected- Prior +0.9%
- HICP +1.6% vs +1.5% y/y expected
- Prior +1.0%
The nudge higher owes to base effects, similar to the rest of the euro area. However, core annual inflation is also seen marginally higher on the month - up from 1.8% in October to 1.9% in November. That said, it is still holding under 2% so that's some comfort for the ECB as compared to the likes of Germany.
This article was written by Justin Low at www.forexlive.com.
Source: Italy November preliminary CPI +1.4% vs +1.4% y/y expected (https://www.forexlive.com/news/italy-november-preliminary-cpi-14-vs-14-yy-expected-20241129/)
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