May’s preliminary CPI data aligns with expectations, signaling persistent price pressures amid prior month’s 2.7% rise.
Italy’s consumer price index rose 3.2% year-over-year in May, matching economists’ forecasts, according to preliminary data. The print follows April’s 2.7% increase, reflecting sustained inflationary pressures in the eurozone’s third-largest economy.
Harmonized inflation (HICP) climbed 3.3% year-over-year, slightly above the 3.2% consensus, after a 2.8% rise in April. The figures underscore challenges for the European Central Bank as it weighs further policy adjustments amid sticky price growth.
Markets await final data for confirmation, with no immediate reaction reported in early trading.