Latest data released by Istat - 28 February 2020
- Prior +0.6%; revised to +0.5%
- CPI 0.0% vs +0.1% m/m expected
- Prior +0.2%; revised to +0.1%
- HICP +0.3% vs +0.4% y/y expected
- Prior +0.4%
- HICP -0.4% vs -0.3% m/m expected
- Prior -1.7%; revised to -1.8%
A softer touch for Italian inflation on the month but I wouldn't be too fussed. As mentioned earlier, the Saxony core inflation matters much more in my view and that showed a positive jump so the release above means little.
