ITALY DATA: Preliminary March HICP rose 2.5% m/m,….

ITALY DATA: Preliminary March HICP rose 2.5% m/m, 3.8% y/y,
accelerating from +3.4% y/y in February, as the end of the winter sales
saw the index post the steepest m/m gain since since the series start in
January 2001, ISTAT said. HICP data includes the effects of the seasonal
discount sales. –The preliminary main domestic index (NIC) rose 0.5%
m/m and 3.3% y/y, the same y/y increase as in February. –Core NIC
Inflation rose 2.3% y/y, up from +2.2% in February; while net of energy
the y/y rate gained 2.2%, down from +2.3% the previous month.