A Modest Increase In Italian Inflation But Substantial Risks Remain

ING Economic and Financial Analysis5.29K FollowersFollow5ShareSavePlay(4min)CommentsSummaryThe March 1.7% number is very much an energy and food story, partly compensated by a deceleration in tourism and leisure services.The pass-through of energy price pressure looks set to continue, pushing headline inflation above 2% in April.Gas prices edged up 5.9% on the month, and electricity prices gained a meagre 0.5% on the month, a normal delay due to the price formation mechanism, but that will soon accelerate. Torsten Asmus/iStock via Getty Images By Paolo Pizzoli, Senior Economist, Italy, Greece Inflation accelerates as energy push outweighs leisure and tourism drag Italian inflation accelerated in March to 1.7% (from 1.5% in February), according to Istat preliminary data, slightly below expectations. Unsurprisingly, at the heartThis article was written byING Economic and Financial Analysis5.29K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.