{"id":22538,"date":"2017-09-14T00:00:00","date_gmt":"2017-09-13T22:00:00","guid":{"rendered":"http:\/\/nuovowww.collaudo.istat.it\/non-categorizzato\/consumer-prices-august-2017\/"},"modified":"2024-06-08T21:46:50","modified_gmt":"2024-06-08T19:46:50","slug":"consumer-prices-august-2017","status":"publish","type":"post","link":"https:\/\/www.istat.it\/en\/press-release\/consumer-prices-august-2017\/","title":{"rendered":"Consumer prices"},"content":{"rendered":"

In August 2017, the Italian consumer price index for the whole nation (NIC) increased by 0.3% on monthly basis and by 1.2% compared with August 2016, up from +1.1% in July 2017. The flash estimate was confirmed.<\/p>\n

In August, the slight recovery of inflation was mainly due to prices of Non-regulated energy products (+4.3%, up from +2.1% in July) and of Services related to transport (+4.4% from +3.2% in the previous month).<\/p>\n

Excluding energy and unprocessed food, core inflation was +1.0% (0.2 percentage points higher than in July) and inflation excluding energy was +0.9% (as in the previous month).<\/p>\n

The increase on monthly basis of All items index was especially due to prices of Services related to transport (+3.4%), which were affected by seasonal factors.<\/p>\n

The annual rate of change of prices of Goods was +1.0% (up from +0.8% in July) and that one of prices of Services was +1.6% (up from +1.3%). As a consequence, the
\ninflationary gap between Services and Goods was positive and equal to +0.6 percentage points.<\/p>\n

Prices of Grocery and unprocessed food increased by 0.1% on monthly basis and by 0.6% on annual basis (from +0.8% in the previous month).<\/p>\n

In August 2017, the rate of change of Italian harmonized index of consumer prices (HICP) was +0.1% compared with the previous month and +1.4% with respect to August 2016 (it was +1.2% in the previous month). The flash estimate was confirmed.<\/p>\n

In August core inflation, measured by Italian HICP, was +1.1% (up from 0.8% in July) and also inflation excluding energy, food, alcohol and tobacco and inflation excluding Energy accelerated (respectively +1.2% and +1.1%, up from +0.9% in the previous month).<\/p>\n

In August 2017, the Italian harmonized index of consumer prices at constant tax rates (HICP-CT) increased by 0.1% compared with the previous month and by 1.3% with respect to August 2016 (0.1 percentage points lower than HICP). Therefore, the difference between
\nHICP and HICP-CT growth rates<\/sup>[1]<\/sup><\/a> \u2013 which incorporates the effects of changes in indirect taxes occurred in the last twelve months \u2013 was positive and equal to 0.1 percentage points.<\/p>\n

[1]<\/a> The difference between the rates of change of HICP and HICP-CT represents the upper limit of the impact of changes in indirect taxes occurred in the last twelve months on HICP, assuming their full and instantaneous pass-through on prices paid by consumers.<\/p>\n","protected":false},"excerpt":{"rendered":"

In August 2017, the Italian consumer price index for the whole nation (NIC) increased by 0.3% on monthly basis and by 1.2% compared with August […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4082],"tags":[3563,3186,3270,3264,3256,3468,3555,2968],"regione":[],"tema":[4039],"class_list":["post-22538","post","type-post","status-publish","format-standard","hentry","category-press-release","tag-consumer-prices","tag-consumptions","tag-cpi","tag-hicp","tag-inflation","tag-price","tag-prices-2","tag-flash","tema-prices"],"meta_fields":{"data_pubblicazione":"20170914","descrizioneperiodo":"August 2017","titolobreve":"Consumer prices","news":"In August 2017 the CPI increased by 0.3% compared with July and by 1.2% y-o-y","news_rss":"In August 2017, the Italian consumer price index for the whole nation (NIC) increased by 0.3% on monthly basis and by 1.2% compared with August 2016, up from +1.1% in July 2017. The flash estimate was confirmed. In August, the slight recovery of inflation was mainly due to prices of Non-regulated energy products (+4.3%, up from +2.1% in July) and of Services related to transport (+4.4% from +3.2% in the previous month).","sottotitolo":""},"acf":[],"wpml_current_locale":"en_US","wpml_translations":[],"tags-info":[{"id":3563,"label":"consumer prices","slug":"consumer-prices"},{"id":3186,"label":"consumptions","slug":"consumptions"},{"id":3270,"label":"CPI","slug":"cpi"},{"id":3264,"label":"HICP","slug":"hicp"},{"id":3256,"label":"inflation","slug":"inflation"},{"id":3468,"label":"price","slug":"price"},{"id":3555,"label":"prices","slug":"prices-2"},{"id":2968,"label":"statistics flash","slug":"flash"}],"categories-info":[{"id":4082,"label":"Press release","slug":"press-release"}],"_links":{"self":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/22538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/comments?post=22538"}],"version-history":[{"count":0,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/22538\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/media?parent=22538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/categories?post=22538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tags?post=22538"},{"taxonomy":"regione","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/regione?post=22538"},{"taxonomy":"tema","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tema?post=22538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}