Italy EUR

Italy Inflation Rate MoM Prel

Impact:
Medium

Latest Release:

Date:
Big Surprise:
0.3%
| EUR
Actual:
0.4%
Forecast: 0.1%
Previous/Revision:
0.2%
Period: Jul

Next Release:

Date:
Forecast: 0.2%
Period: Aug
What Does It Measure?
The Italy Inflation Rate MoM Preliminary measures the monthly change in the general price level of goods and services in Italy, indicating the rate of inflation on a short-term basis. It primarily focuses on the consumer price index (CPI), assessing key areas such as housing, transportation, food, and energy, with a focus on price changes that signal economic health or potential for inflationary trends.
Frequency
This report is released monthly, providing preliminary estimates that may be subject to revision, typically published on the first few days of the following month.
Why Do Traders Care?
Traders closely monitor the monthly inflation rate as it serves as an early indicator of economic conditions, influencing central bank policies on interest rates which can directly impact various financial markets. Higher-than-expected inflation is generally viewed as bullish for commodities and bonds, while currencies may respond differently based on the anticipated central bank action.
What Is It Derived From?
The inflation rate is derived from a comprehensive survey that tracks price changes across a basket of consumer goods and services, involving various sectors to ensure a representative sample of the economy. The data collection follows standard methodologies reflected in the consumer price index, which employs weighted averages based on consumption patterns.
Description
The preliminary inflation rate report presents initial estimates based on early data and is often closely watched by market participants for its implications on monetary policy. Final revisions, however, provide a more accurate assessment of inflationary trends after the collection and analysis are complete, with markets typically reacting more to preliminary figures due to their timely nature.
Additional Notes
This indicator serves as a coincident economic measure, reflecting current price trends that could impact consumer behavior and spending. It is also relevant for comparisons to similar indicators across the Eurozone, helping to gauge overall regional economic health and inflationary pressure.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for EUR, Bearish for Stocks. Dovish tone: Signaling higher interest rates or inflation concerns, is usually good for the EUR but bad for Stocks due to higher borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
0.4%
0.1%
0.2%
0.3%
0.2%
0.2%
-0.1%
0%
0.1%
0.1%
-0.1%
0.2%
0.2%
0.3%
0.4%
0.3%
0.2%
0.1%
0.2%
0.2%
0.6%
0.6%
0.4%
0.1%
0.2%
0.1%
0.3%
-0.1%
-0.2%
0%
-0.2%
0%
0.2%
0%
0%
-0.2%
-0.2%
-0.2%
0.2%
0.2%
0.3%
0.4%
-0.1%
0.5%
0.2%
0.1%
0.3%
0.1%
0.2%
0.2%
-0.1%
0.2%
0.2%
0.1%
0.2%
0.3%
0%
-0.1%
0.1%
0.2%
0.1%
-0.1%
0.1%
0.4%
0.3%
-0.3%
0.3%
1%
0.2%
-0.7%
0.2%
0.2%
-0.5%
-0.4%
0.1%
-0.2%
-0.5%
-0.1%
0.2%
0.2%
-0.3%
0.2%
0.1%
0.3%
0.1%
0.4%
0.1%
0%
0.3%
0.1%
0.1%
0%
0%
0.1%
0.3%
-0.1%
0.3%
-0.1%
0.4%
0.4%
0.5%
0.3%
-0.4%
0.2%
-0.3%
0%
0.2%
-0.3%
0.3%
0.3%
0.1%
0.2%
0.1%
0.3%
0.1%
0.3%
0.1%
0.5%
0.2%
0.5%
0.2%
3.4%
0.3%
3.5%
1.2%
0.3%
2.3%
0.3%
0.1%
0.8%
0.2%
0.8%
0.6%
0.4%
0.2%
0.4%
0.6%
1.2%
-0.2%
1.2%
0.6%
0.8%
0.6%
0.9%
0.4%
-0.1%
0.5%
0.2%
0.3%
1%
-0.1%
1.2%
0.9%
0.9%
0.3%
0.9%
1.3%
1.6%
-0.4%
1.6%
0.6%
0.4%
1%
0.4%
0.4%
0.6%
0.7%
0.1%
0.7%
0.6%
0.6%
0.4%
-0.2%
0.2%
-0.1%
-0.3%
0.4%
0.2%
0.5%
0.4%
0.5%
0.1%
0.3%
0.2%
0.1%
0.1%
0.1%
0.2%
0%
-0.1%
0%
0.2%
0.4%
-0.2%
0.4%
0.4%
0.3%
0.3%
0.5%
0.1%
-0.2%
0.1%
0%
0.7%
0.1%
0.5%
0.1%
0.2%
0.4%
0.3%
0.2%
-0.1%
0.1%
-0.1%
-0.2%
0.2%
0.1%
0.2%
0.1%
-0.7%
0.1%
-0.6%
-0.5%
0.3%
-0.1%
0.3%
0.3%
-0.2%
-0.1%
-0.1%
0.1%
0.1%
0.1%
-0.2%
-0.1%
-0.1%
0.1%
0.1%
-0.3%
0.1%
0.4%
0.1%
-0.3%
-0.1%
0.4%
0%
0.2%
0.1%
-0.2%
0.2%
0.1%
0.2%
0.1%
0.2%
0.2%
-0.2%
0%
-0.1%
-0.1%
0.1%
0%
-0.1%
-0.6%
0.1%
-0.5%
-0.2%
0.4%
-0.3%
0.5%
0.3%
0%
0.2%
0.1%
0.1%
0.1%
0.2%
0.1%
0.2%
0.1%
0.1%
0.2%
0.2%
-0.1%
0.2%
0.2%
0.3%
0.3%
0.3%
0.1%
0.2%
0.2%
0.1%
0.1%
0.1%
-0.1%
-0.1%
0.1%
-0.2%
-0.2%
-0.1%
-0.3%
0%
0.2%
0%
0.2%
-0.5%
-0.2%
-0.4%
0.2%
0.4%
-0.6%
0.5%
0.2%
0.3%
0.3%
0.3%
0.2%
0.2%
0.1%
0.3%
0.2%
0.3%
0.1%
0.4%
0.2%
0.1%
0.2%
0.1%
0.2%
0.3%
-0.1%
0.4%
0.1%
0%
0.3%
0.1%
0.2%
0.3%
-0.1%
0.2%
0.3%
0.4%
-0.1%
0.4%
0.4%
-0.2%
-0.2%
0.3%
-0.2%
-0.5%
-0.2%
0.3%
-0.3%
-0.5%
-0.3%
-0.3%
0.3%
0.3%
0.2%
0.1%
0.1%
0.1%
-1.2%
-0.1%
1.3%
-0.1%
0.1%
-0.2%
-0.2%
-0.2%
-0.2%
0.4%
0.3%
0.2%
0%
0.1%
0%
0.1%
0.4%
-0.1%
0.3%
0.1%
0.3%
0.2%
0.2%
0.2%
0.4%
0.4%
0.3%
-0.1%
0.1%
-0.1%
-0.3%
-0.1%
0.2%
0%
0.2%
-0.2%
-0.2%
-0.2%
-0.3%
0.2%
0.1%
0.2%
0.3%
0.2%
-0.1%
0.2%
0%
0.1%
0.2%
0.1%
0.3%
0.3%
-0.2%
0.3%
0.2%
-0.1%
0.1%
0%
0.2%
0.2%
-0.2%
0.2%
0.1%
-0.2%
0.1%
-0.2%
0%
-0.2%
-0.2%
-0.2%
-0.2%
0%
0%
0.1%
-0.4%
-0.1%
-0.4%
0.1%
0.2%
-0.5%
0.2%
0.1%
-0.4%
0.1%
-0.3%
-0.3%
0.2%
0.2%
0.1%
-0.1%
0.1%
-0.1%
0%
0.2%
-0.1%
0.1%
0.1%
0.1%
0.2%
0.1%
0.2%
0.1%