Latest data released by Istat - 28 February 2019
- Prior +0.1%
- CPI +1.1% vs +1.1% y/y expected
- Prior +0.9%
- HICP -0.2% vs -0.2% m/m expected
- Prior -1.7%
- HICP +1.2% vs +1.2% y/y expected
- Prior +0.9%
All estimates are in-line with expectations. Much like the other readings from the region today, February is showing a slight uptick in inflationary pressures so that will at least provide the ECB with some comfort and give more reason not to change its rate guidance next week.
