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 June’s 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 June’s 8.5%.