Flash February Italian HICP inflation likely to come in at -0.6% yoy: Societe Generale

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.