Italy’s inflation down by 0.1%

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Italy’s consumer price index (CPI) declined by 0.1% in July compared with the previous month and rose by 0.1% compared with the same period last year, the Italian national institute of statistics (Istat) has revealed.

The slowdown of inflation was mainly due to the extension of the decrease on annual basis of prices of regulated energy products, whereas the contributions of some other groups of products were minor.

Excluding unprocessed food (whose decline on annual basis was stable at -2.9%) and energy, core inflation was 0.6% (0.1 lower than in June 2014). However, by only excluding energy, it was 0.3% (down from 0.5% in June 2014), Istat also showed.

The decrease on monthly basis of all items index was mainly due to the decline of prices of fresh fruit (-9.0%) and fresh vegetables (-3.8%) ‒ on which seasonal factors had an impact ‒ and of prices of regulated energy products (-3.1%).

According to the national institute of statistics, the decline was partially balanced by the monthly increases of prices of non-regulated energy products (+0.8%) and of services related to transport (+1.5%), mainly due to seasonal factors.

 

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