- Prior +1.0%
- HICP +1.5% vs +1.6% y/y prelim
- Prior +1.0%
The most notable thing from the report is that core annual inflation is seen making a big jump, up from 1.7% in January to 2.4% in February. Even if you take inflation excluding energy alone, that shows a material jump from 1.9% in January to 2.5% in February.
The breakdown shows that services prices is what is driving higher price pressures last month in Italy. That is seen up from 2.5% previously to 3.6% in February. Meanwhile, goods price inflation continue to show a decline of 0.2% – same as it was in January.
