Italy: Consumer inflation goes down
(MENAFN) Italy’s yearly consumer inflation slowed to 7.9percent last month, decreasing from the 36-year high of 8percent in June, in line with official data issued on Wednesday.
According to statistical expert ISTAT, the final reading was in line with flash projections.
Energy costs decreased (from a 48.7percent rise in June to a rise of 42.9percent rise in July) energy and recreational and cultural services (from 5percent to 4.5percent).
In contrast, costs rose for processed food (from 8.1percent to 9.5percent) and transportations services (from 7.2percent to 8.9percent).
“Therefore, core inflation (excluding energy and unprocessed food) was +4.1percent (up from +3.8percent in the previous month) and inflation excluding energy was +4.7percent (up from +4.2percent in June),” in agreement with an ISTAT declaration.
Every month, Italy’s consumer cost index went up 0.4percent the previous month, falling from 1.2percent in June.
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