According to the report from Istat, in March 2021 the rate of change of Italian consumer price index for the whole nation (NIC) was +0.3% on monthly basis and +0.8% on annual basis (from +0.6% in February), confirming the flash estimate.

The slight speed up of all-item index was mainly due to the trend reversal of prices of Non-regulated energy products (from -3.6% to +1.7%) and, to a lesser extent, to prices of services related to transport (from +1.0% to +2.2%).

Both core inflation (excluding energy and unprocessed food) and inflation excluding energy were +0.8% (down from +0.9% in the previous month).

The increase on monthly basis was mainly due to the prices of non-regulated energy products (+3.2%) and of services related to transport (+1.3%).

In March 2021 the rate of change of the Italian harmonized index of consumer prices (HICP) was +1.8% on monthly basis, mainly due to the end of the winter sales of clothing and footwear (not considered by NIC), and +0.6% on annual basis (from +1.0% in February).