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Italy Inflation November 2022

Italy: Inflation decreases in July

Consumer prices rose 0.44% over the previous month in July, coming in below June’s 1.17% rise. July’s result marked the weakest reading since April. The deceleration was primarily due to softer price rises for food and non-alcoholic beverages. Moreover, prices for utilities dropped. However, transport price pressures accelerated.

Inflation dropped to 7.9% in July, following Junes 8.0%. Annual average inflation rose to 5.1% in July (June: 4.6%). Lastly, harmonized inflation edged down to 8.3% in July, from Junes 8.5%.

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