Italy November preliminary CPI -0.2% vs -0.3% y/y expected

Latest data released by Istat - 30 November 2020

• Prior -0.3%
• CPI -0.1% vs -0.2% m/m expected
• Prior +0.2%

• HICP -0.3% vs -0.5% y/y expected
• Prior -0.6%
• HICP 0.0% vs -0.2% m/m expected
• Prior +0.6%

Italian inflation came in slightly better than estimated on the month but remains at extremely subdued levels, so this does little to change the overall outlook for the region heading towards the year-end.