ITALY DATA: Final May HICP rose 0.2% m/m and 3.0%….

ITALY DATA: Final May HICP rose 0.2% m/m and 3.0% y/y, confirming
preliminary readings published on May 31, and posting the highest
y/y gain since October 2008, when the index rose 3.6%.
–The main domestic index (NIC) was confirmed at +0.1% m/m, +2.6% y/y,
posting the highest y/y gain since November 2008.
–May core NIC inflation rose 1.8% y/y, matching April’s y/y rise.
–Net of Energy NIC inflation rose 2.1% y/y, up from +2.0% in April.
–Final ‘NIC’ data provides a +2.3% platform of acquired inflation for
2011.