ITALY DATA: Preliminary March HICP rose 2.0% m/m and 2.6% y/y,
accelerating from +2.1% y/y in February, and posting the highest y/y
gain since November 2008 (+2.7%).
–The preliminary main domestic index (NIC) rose 0.4% m/m and 2.5% y/y,
up from +2.4% y/y in February.
–Core NIC Inflation rose 1.8% y/y, up from 1.7% in the previous month,
while net of energy the y/y rate gained 1.9%, accelerating from +1.8% in
February.