Italy's consumer price inflation driven up by transport and food

Italy’s Istituto Nazionale di Statistica (Istat) has reported the country’s measure of consumer price inflation was 1.2 per cent in the year to June 2013, in line with expectations.

This represented a slight speed up from the month before (1.1 per cent), primarily due to the upward impact of transport (up one per cent year-on-year).

On a month-by-month basis, Italy’s consumer price index (CPI) was up 0.1 per cent from May 2013, with upward pressure from transport and food and non-alcoholic beverages (both up 0.6 per cent).

Spain’s National Institute of Statistics has also reported CPI figures in line with expectations, rising by 2.1 per cent in the year to June. Compared to the month before, CPI was up 0.1 per cent.