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Press release

Consumer prices

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  • In May 2013, the Italian consumer price index for the whole nation (NIC) held steady compared with the previous month and increased by 1.1% with respect to May 2012 (the provisional estimate was 1.2%), the same annual rate of change of April 2013.
    Food and non-alcoholic beverages (+3.1% on annual basis, up from+2.7% observed in April) and Transport (+0,1% on annual basis, from -0.2% observed in the previous month) had an upward impact.
    With regard to Food and non-alcoholic beverages, the main cause was the large increase of Fresh Fruit prices (+6.8% compared with the previous month, +9.4% with respect to May 2012).
    Concerning Transport, the upward impact effect was mainly due to the increase of prices of Passenger transport by air (+5.2% on monthly basis; +14.2% on annual basis, from -0.4% observed in April). In the same division, on the other hand, Fuels and lubricants had a large downward impact (-3.0% compared with the previous month; -5.3% with respect to May 2012, from -4.1% observed in April 2013).
    Italian core inflation, calculated excluding energy and unprocessed food, was 1.3%, up from 1.2% in April. Italian consumer price index, excluding energy, increased by 1.5% with respect to May 2012, up from 1.3% in April.
  • In May 2013, the Italian harmonized index of consumer prices (HICP) held steady compared with the previous month and increased by 1.3% with respect to May 2012 (the final data confirmed the preliminary ones), the same annual rate of change of April 2013.Core inflation measured by Italian HICP was 1.4%, up from 1.3% in April. Italian harmonized index of consumer prices, excluding energy, increased by 1.6% with respect to May 2012 (0.1 higher than in April).
  • In May 2013, the Italian harmonized index of consumer prices at constant tax rates (HICPCT) held steady compared with the previous month and increased by 1.1% with respect toMay 2012.

Reference period: May 2013

Date of Issue: 12 June 2013

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