According to the report from Italian National Institute of Statistics (ISTAT), in June 2019 the rate of change of Italian consumer price index for the whole nation (NIC) increased by 0.1% on the previous month and by 0.7% with respect to June 2018, down from +0.8% in the previous month. The flash estimate was +0.8%.
The slowdown of the growth on annual basis of All items index was mainly due to the trend reversal of prices of Non-regulated energy products (from +2.4% to -0.6%) and, to a lesser extent, to the wider decrease of prices of Durable goods (from -1.2% to -1.9%). These dynamics were partially offset by the growth of prices of Services related to recreation, including repair and personal care (from +1.0% to +1.3%) and by the lower decrease of those of Services related to communication (from -7.2% to -5.9%).
The core inflation excluding energy and unprocessed food was +0.4% and inflation excluding energy was +0.5%, both the same as in the previous month.
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