Italy May preliminary CPI +0.4% vs +0.2% m/m expected

Latest data released by Istat - 31 May 2018

  • Prior +0.1%
  • CPI +1.1% vs +0.8% y/y expected
  • Prior +0.5%
  • HICP +0.4% vs +0.3% m/m expected
  • Prior +0.5%
  • HICP +1.1% vs +1.0% y/y expected
  • Prior +0.6%

A beat across the board as Italy's inflation figures mirror that of Germany and France's - in the sense that they're all stronger this month relative to April. Part and parcel of what contributed to the beat in Eurozone figures as well.

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