January 2017 Italian HICP flash 0.7% vs 0.8% exp y/y

January 2017 Italian HICP data report 3 February 2017

• Prior 0.5%

• -2.0% vs -1.9% exp m/m. Prior 0.4%
• CPI 0.9% vs 0.9% exp y/y. Prior 0.5%
• 0.2% vs 0.2% exp m/m. Prior 0.4%

Not as strong a jump in inflation as seen elsewhere in Europe but everyone is pulling in the same direction now.

Eurozone retail sales