In August 2018, according to preliminary estimates, the Italian consumer price index for the whole nation (NIC) increased by 0.5% on monthly basis and by 1.7% compared with August 2017 (+1.5% in July 2018).<\/p>\n
The acceleration of the growth on annual basis of All items index was mainly due to prices of Services related to transport (from +1.7% of the previous month to +2.9%) and, to a lesser extent, of Processed food (from +1.8% to +2.3%). The prices of Energy products slowed their growth (from +7.9% of July to +7.6%), as well as those of Unprocessed food (from +3.6% to +3.0%).<\/p>\n
Inflation excluding energy and unprocessed food (core inflation) was +0.9% and inflation excluding energy was +1.1% (both in acceleration respectively from +0.7% and +0.9%).<\/p>\n
The increase on monthly basis of All items index was mainly due to the rises of prices of Services related to transport (+4.6%) mainly due to seasonal factors.<\/p>\n
The annual rate of change of prices of Goods was +2.0% (down from +2.1% in July) and that one of prices of Services was +1.1% (up from +0.9% in the previous month). Therefore the inflationary gap between Services and Goods was still negative and equal to -0.9 percentage points (-1.2 in July).<\/p>\n
Prices of Grocery and unprocessed food increased by 0.3% on monthly basis and by 2.4% on annual basis (up from +2.2% in the previous month).<\/p>\n
In August 2018, according to preliminary estimates, the Italian harmonised index of consumer prices (HICP) decreased by 0.1% compared with the previous month and increased by 1.7% with respect to August 2017 (from +1.9% in July). The decrease on monthly basis was mainly due to the summer sales of Clothing and footwear (-8.9% compared with July 2018), which are not taken into account in the national index NIC.<\/p>\n
The slowdown of HICP on annual basis is explained by the trend reversal of Clothing and footwear prices (from + 3.5% in July to -0.7%), caused by a greater impact of the summer sales seasonal balances registered for the whole August, compared to the previous month when they began not before the 7th<\/sup> of July.<\/p>\n","protected":false},"excerpt":{"rendered":" In August 2018, according to preliminary estimates, the Italian consumer price index for the whole nation (NIC) increased by 0.5% on monthly basis and by […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4082],"tags":[3563,3186,3270,3264,3256,3468,2968],"regione":[],"tema":[4039],"class_list":["post-23469","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-flash","tema-prices"],"meta_fields":{"data_pubblicazione":"20180831","descrizioneperiodo":"August 2018","titolobreve":"Consumer prices (provisional)","news":"In August 2018 the CPI +0.5% compared with the previous month and +1.7% year-over-year","news_rss":"In August 2018, according to preliminary estimates, the Italian consumer price index for the whole nation (NIC) increased by 0.5% on monthly basis and by 1.7% compared with August 2017 (+1.5% in July 2018).","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":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\/23469","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"}],"replies":[{"embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/comments?post=23469"}],"version-history":[{"count":0,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/23469\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/media?parent=23469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/categories?post=23469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tags?post=23469"},{"taxonomy":"regione","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/regione?post=23469"},{"taxonomy":"tema","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tema?post=23469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}