Italy CPI NIC (YoY)
Published:
Annual change in Italy's national consumer price index (NIC), published by Istat as a preliminary estimate and then a final figure.
Full explanation
Italy CPI NIC (YoY) is the annual percentage change in Istat's consumer price index for the whole nation (indice nazionale dei prezzi al consumo per l'intera collettività, NIC), including tobacco. It is not seasonally adjusted. It is Italy's national CPI, not the Harmonised Index of Consumer Prices (IPCA/HICP), which Istat publishes alongside and which can differ (for example because of seasonal sales treatment). Istat publishes a preliminary estimate at the end of the reference month and the final figure in the middle of the following month; the calendar shows both under this name.
Why traders watch it
Italy is the third-largest euro-area economy, so its inflation matters for euro-area inflation expectations.
Stronger vs weaker outcomes
A higher-than-expected reading points to stronger price pressure and can lift expectations of tighter monetary policy; a lower reading points the other way.
A higher reading means Italian consumer prices rose faster over the past year.
A lower reading means they rose more slowly.
Higher means faster Italian inflation; lower means slower.
Release details
- Release frequency
- Monthly (preliminary at month-end, final mid-following month)
Typical volatility
medium. Preliminary and final releases share this name. Do not compare the NIC with Italy's HICP, or with the FOI index used for rent indexation.
Trading considerations
- Distinguish NIC from HICP.
- Compare preliminary with final.
Educational guidance only — never a trading signal or recommendation.
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