Italy April EU-harmonised CPI stable at 2.1% y/y, but ‘core’ accelerates

ROME (Reuters) -Italian EU-harmonised consumer prices (HICP) rose 0.5% month-on-month in April and the annual inflation rate was stable at 2.1%, preliminary figures from official statistics agency ISTAT showed on Wednesday.

A Reuters survey of 21 analysts had pointed to a 0.6% month-on-month increase and a 2.3% year-on-year rise.

Core inflation (net of fresh food and energy) was running at 2.2% year-on-year on the HICP index in April, up from 1.9% in March.

ISTAT also reported that the main domestic price index (NIC), was up 0.2% on the month and up 2.0% annually in April, following a 1.9% annual rate the previous month.

(Reporting by Antonella Cinelli, graphic by Stefano Bernabei, editing by Gavin Jones)

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