Flash September Italian HICP consumer prices set to remain stable at 0.4% yoy

Italian HICP inflation is expected to remain unchanged at 0.4% yoy in September. As in other Euro area economies, gasoline prices continue to slide with the energy component set to remain weak, but food prices are expected to continue to increase. Although the breakdown will not be available, higher services inflation is expected, from 0.7% yoy to 0.9% yoy while non-energy industrial goods prices is likely to be unchanged at 0.6% yoy. 

"We expect Italian HICP inflation to average 0.4% in 2015 and 1.3% yoy in 2016. The core component should average 0.8% in 2015 and 1.2% in 2016", says Societe Generale.