Commentary
Add as a preferred source on GoogleQuotes from Societe Generale Cross Asset Research: -Italian January HICP came in -0.4% yoy. Looking at the components, food quickened from-0.3% yoy to 0.0% (+6bp to the headline), energy fell further from -5.3% to -9.1% …
Quotes from Societe Generale Cross Asset Research:
-Italian January HICP came in -0.4% yoy. Looking at the components, food quickened from-0.3% yoy to 0.0% (+6bp to the headline), energy fell further from -5.3% to -9.1% yoy and services decelerated from +0.9% yoy to +0.3% yoy (cutting 26bp from the headline).
-We expect in February the energy metric to remain on a downward trajectory while food prices slightly inch higher. Core prices should remain stable.
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