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- Italian CPI lower than expected in June
Italian CPI lower than expected in June
In June 2018, the Italian consumer price index increased by 0.2% on monthly basis and by 1.3% compared with June 2017 (+1.0% in May 2018). The flash estimate was +1.4%.
The acceleration of the growth on annual basis of All items index was mainly due to prices of Non-regulated energy products (from +5.3% to +9.4%) and, to a lesser extent, of Unprocessed food (+2.4% in May to +3.4%) and of Services related to transport (from +1.7% to +2.9%).
As a consequence, inflation excluding energy and unprocessed food (core inflation) was +0.8% (as in the previous month) and inflation excluding energy was +1.0% (from +0.8% in May).
The increase on monthly basis of All items index was mainly due to the rises of prices of Non-regulated energy products (+2.3%) and of Services related to transport (+2.2).
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