Inflation did not move in June and, according to preliminary Istat estimates, remained at the same level as the previous two months: +0.8%.
The Institute of Statistics explains: “The stabilization of the growth rate is mainly due to the easing of tensions on the prices of unprocessed food goods (+0.4% from +2.2% in May), the effects of which offset the ‘attenuation of deflationary pressures coming from the energy sector, where prices tend to rise, although remaining at largely negative values (-8.6% from -11.6% in the previous month)”.
Istat further details that in June “the phase of slowdown in the annual growth rate of “shopping cart” prices continued (+1.4% from +1.8%), while core inflation remained stable at +2.0%”.
In the comparison on a monthly basis, that is on May, the index rose by 0.1%. An increase that “reflects, for the most part, the growth in prices of Regulated energy goods (+2.3%), Transport-related services (+0.9%), Recreational, cultural and personal care services (+0.8%) and Processed food (+0.5%). The effects of these increases were only partly offset by the decrease in prices of Unprocessed food (-1.0%), Unregulated energy goods (-0.9%) and Durable goods (-0.4%)”.
Inflation measured by the IPCA index, the one harmonized at European level, marks an increase of 0.2% on a monthly basis and of 0.9% on an annual basis (from +0.8% the previous month).
