- In July 2013, the Italian consumer price index for the whole nation (NIC) increased by 0.1%compared with the previous month and by 1.2% with respect to July 2012 (the provisionalestimate was 1.1%), the same annual rate of June 2013.The stability of the Italian inflation was mainly the result of opposite movements: on one hand, the rise of the annual rate of change of Transport and on the other hand the decrease of the annual rate of change of prices of Miscellaneous goods and services, Restaurant and hotels and Housing, water, electricity, gas and other fuels.The increase on monthly basis of All items index was essentially due to the monthly dynamics of prices of Transport (+1.0%) which was partially offset by the decrease of prices of Food and non-alcoholic beverages (-0.8% compared with June 2013).
Concerning Transport, the main causes were the large increases of prices of Passenger transport by air (+11.2% on monthly basis; +18.3% on annual basis) and of Passenger Transport by sea and inland waterway (+8.7% compared with the previous month; -7.3% on annual basis), on which seasonal factors had an impact.
In the same division, Fuels and lubricants had an upward impact due to an increase with respect to the previous month (+0.8%) that brought to +0.3% the annual rate of change, from -2.0% of June 2013.
With regard to Food and non-alcoholic beverages, the main causes were the large decreases of prices of Fresh vegetables (-7.2% on monthly basis, +8.5% on annual basis) and of Fresh fruit (-6.7% compared with the previous month, +9.6% with respect to July 2012).
Italian core inflation, calculated excluding energy and unprocessed food, was 1.1%, down from 1.2% in June.
Italian consumer price index, excluding energy, increased by 1.3% with respect to July 2012 (the same value of June 2013).
- In July 2013, the Italian harmonized index of consumer prices (HICP) decreased by 1.8% compared with the previous month and rose by 1.2% with respect to July 2012 (0.2 lower than in June 2013). The final data confirmed the preliminary ones.The large decrease on monthly basis was mainly due to the summer sales of Clothing and footwear (-19.2% compared with June 2013), which are not taken into account in the national index NIC.Core inflation measured by Italian HICP was 1.1%, down from 1.2% in June. Italian harmonized index of consumer prices, excluding energy, increased by 1.3% with respect to July 2012 (0.2 lower than in June).
- In July 2013, the Italian harmonized index of consumer prices at constant tax rates (HICPCT) decreased by 1.9% compared with the previous month and rose by 1.1% with respect to July 2012.
Economic trends
web area
Press release
archive
access
all data