Istat, inflation slowing slightly to 7.9%

Inflation effective measures against expensive energy Associations they must be

(Finance) – The rise in inflation marks the pace in July after months of almost uninterrupted growth. According to preliminary estimates released by Istat, the consumer price index records an increase in 0.4% on a monthly basis he was born in 7.9% on an annual basisslightly slowing compared to 8% the previous month.

Nonetheless, trend-based inflation remains high, but benefits from the slowdown in the prices of energy goods (whose growth passes from + 48.7% in June to + 42.9%) due, in particular, to regulated energy sources (from + 64.3% to +47, 8%) and only to a lesser extent than non-regulated energy sources (from + 39.9% to + 39.8%). The prices of recreational, cultural and personal care services also decelerate (from + 5% to + 4.6%), while lengthen the prices of Processed food goods (from + 8.1% to + 9.6%), of Transportation related services (from + 7.2% to + 8.9%), of Non-durable goods (from + 2.9% to + 3.6%), of Durable goods (from + 2.8% to + 3.3%) and various services (from + 1.1% to + 1.6%).

Core inflationnet of energy and fresh food, accelerates at + 4.1% from + 3.8% and that net of energy goods alone to + 4.7% from + 4.2%.

It also accelerates the shopping cart, both the prices of Food goods, for home care and of the person (from + 8.2% to + 9.1%) and those of the high-frequency purchasing products (from + 8.4% to + 8.7%).

The cyclical increase in the general index is mainly due to the prices of transport services (+ 2.7%), processed food (+ 1.5%), non-durable goods (+ 0.6%) and is slowed only by the decrease in unprocessed food prices (-1.7%).

The inflation acquired for 2022 is equal to + 6.7% for the general index and + 3.3% for the core component.

According to preliminary estimates, the harmonized index of consumer prices drops on a monthly basis by 1.1%due to the summer sales which the general index does not take into account, e it increased by 8.4% on an annual basis (from + 8.5% in the previous month).

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