April 2015 Italian HICP final -0.1% vs 0.0% exp y/y

Italian CPI data 13 May 2015

• Prior 0.0% revised to -0.1%
• 0.4% vs 0.5% exp m/m. Prior 0.5%. Revised to 0.4%
• CPI -0.1% vs 0.0% exp y/y. Prior 0.0%. Revised to -0.1%
• 0.2% vs 0.3% exp m/m. Prior 0.3% revised to 0.2%

The ever timely Italians finally get the numbers and they slip into deflation once again. There may have been muted signs from Europe that inflation had bottomed but the Italians show they are far from out of the woods yet

Italian HICP yy