Italy August preliminary CPI +0.5% vs +0.3% m/m expected

Latest data released by Istat - 31 August 2018

• Prior +0.3%
• CPI +1.7% vs +1.4% y/y expected
• Prior +1.5%

• HICP -0.1% vs -0.2% m/m expected
• Prior -1.4%
• HICP +1.7% vs +1.7% y/y expected
• Prior +1.9%

Italian figures may have beat estimates but the Eurozone figures were a little disappointing as inflation in the region eased slightly in August. That overshadows the release here.