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- Italian consumer price index increased by 0.5% in August
Italian consumer price index increased by 0.5% in August
According to preliminary estimates from Istat, in August 2019 the Italian consumer price index for the whole nation (NIC) increased by 0.5% on monthly basis and by 0.5% with respect to August 2018 (slightly up from +0.4%).
The dynamics of all items index was the result of a situation with very small differences with respect to July. It is just worth to report the slight speed-up of prices of food including alcohol (from +0.7% in July to +1.0%), mainly due to those of Processed food (from +0.1% to 0.6%), and of prices of Non-durable goods (from +0.2% to +0.7%).
The core inflation excluding energy and unprocessed food was +0.6% (up from +0.5%) and inflation excluding energy was +0.7% (up from +0.6%).
In August 2019, according to preliminary estimates, the rate of change of Italian harmonized index of consumer prices (HICP) was null compared with the previous month and equal to +0.5% with respect to August 2018 (up from +0.3% in July).
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