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Italy's February Inflation Rate Final Reading Revised Down to 1.5% Year-on-Year
Investing.com — Italy’s National Institute of Statistics (ISTAT) released the final inflation data for February on Tuesday, showing a slight downward revision from the preliminary estimate.
The European Union’s Harmonized Consumer Price Index (HICP) rose 1.5% year-over-year in February, below the initial figure of 1.6%. Month-over-month, the EU HICP increased 0.5%, lower than the preliminary estimate of 0.6%.
Italy’s domestic Consumer Price Index (NIC index) also showed a similar trend. The final February data indicated a 1.5% year-over-year increase, revised down from 1.6%. Month-over-month, the NIC index rose 0.7%, below the preliminary estimate of 0.8%.
The downward revision suggests that price pressures in Italy during February were slightly milder than initially reported.
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