January 2017 Italian HICP data report 3 February 2017
– -2.0% vs -1.9% exp m/m. Prior 0.4%
– CPI 0.9% vs 0.9% exp y/y. Prior 0.5%
– 0.2% vs 0.2% exp m/m. Prior 0.4%
Not as strong a jump in inflation as seen elsewhere in Europe but everyone is pulling in the same direction now.