Details of the January 2016 Italian HICP & CPI inflation flash data report 3 February 2016

  • Prior 0.1%
  • -2.2% vs -2.3% exp m/m. Prior -0.1%
  • CPI 0.3% vs 0.3% exp y/y. Prior 0.1%
  • -0.2% vs -0.2% exp m/m. Prior 0.0%

Italy continues to take small steps away from the deflation line. As I've said often, the ECB want to see inflation rising and if they get it that's going to swiftly change the markets mind on how they view the ECB's monetary policy stance.

Italian HICP y/y