ITALY DATA: Preliminary April HICP rose 1.1% m/m, 3.0% y/y, accelerating
from +2.8% y/y in March, and posting the highest y/y gain since
October 2008 (+3.8%).
–The preliminary main domestic index (NIC) rose 0.5% m/m and 2.6% y/y,
up from +2.5% y/y in March.
–Core NIC Inflation rose 1.8% y/y, up from 1.7% the previous month; net
of energy the y/y rate gained 2.0%, after rising 1.9% y/y in March.
–The April NIC data provided a platform of acquired inflation of +2.2%
for 2011, ISTAT said.