Italy July EU-harmonised CPI revised down to +1.6% y/y
2024.08.09 04:34
August 9 (Reuters) – Italian EU-harmonised consumer prices (HICP) fell 0.9% month-on-month in July and were up 1.6% from the year earlier, official statistics agency ISTAT said on Friday, revising down preliminary data.
The preliminary estimate had pointed to -0.8% month-on-month and +1.7% year-on-year.
July’s +1.6% annual rate was up from +0.9% in June.
The main domestic price index (NIC (NASDAQ:)), rose 0.4% on the month and increased 1.3% annually, accelerating from a 0.8% annual rise in June.
Core inflation (net of fresh food and energy) was running at +2.4% year-on-year on the HICP index in July, up from +2.1% in the month before.
ISTAT gave the following details:
July June May
The EU-harmonised index (HICP):
Monthly change -0.9r +0.2 +0.2
Year-on-year inflation +1.6r +0.9 +0.8
Index (base 2015=100) 121.8r 122.9 122.7
The NIC index:
Monthly change +0.4r +0.1 +0.2
Year-on-year inflation +1.3 +0.8 +0.8
Index (base 2015=100) 121.2r 120.7 120.6
