July 2016 Italian HICP flash -0.1% vs -0.2% exp y/y

July 2016 Italian HICP flash data report 29 July 2016

• Prior -0.2%

• -1.8% vs -1.9% exp m/m. Prior 0.1%. Revised to 0.2%

• CPI -0.1% v s-0.3% exp y/y. Prior -0.4%

• 0.2% v s0.0% exp m/m. Prior 0.1%

Deflation now running for the 6th straight month in Italy. The month on month drop came as summer discounts ion clothing and footwear hit. Core CPI was 0.6% vs 0.5% prior y/y.

Italian HICP y/y