According to preliminary estimates, in August 2023 the rate of change of the Italian consumer price index for the whole nation (NIC) was +0.4% on monthly basis and +5.5% on annual basis (from +5.9% in July).<\/p>\n
The slow down of the annual inflation rate was due to the prices of Non-regulated energy products (from +7.0% to +5.7%), of Services related to recreation, including repair and personal care (from +6.6% to +5.9%), of Unprocessed food (from +10.4% to +9.2%), of Services related to transport (from +2.4% to +1.2%), of Durable goods (from +5.4% to +4.6%) and, to a lesser extent, of Processed food including alcohol (from +10.5% to +10.1%). At the opposite, an upward contribution to the inflation rate came from the prices of Services related to housing (from +3.6% to +4.0%) and of Regulated energy products (from -30.3% to -29.0%).<\/p>\n
The core inflation (All-items excluding energy and unprocessed food) was +4.8% (down from +5.2 % in July) and the All-items index excluding energy was +5.1% (from +5.5% in the previous month).<\/p>\n
As for Goods, the year on year growth rate was +6.4% (down from +7.0% in July) while for Services the annual rate of change was +3.6% (from +4.1%). As a consequence, the negative inflationary gap between Services and Goods decreases in absolute value (from -2.9 percentage points in July to -2.8).<\/p>\n
Prices of Grocery and unprocessed food increased by 0.3% on monthly basis and by 9.6% on annual basis (down from +10.2% in the previous month).<\/p>\n
The month on month increase of NIC was mainly due to the prices of Regulated energy products (+2.0%), of Non-regulated energy products (+1.7%), of Services related to transport (+1.2%), of Processed food including alcohol (+0.8%), of Durable goods and Services related to housing (+0.4% both). At the same time, the prices of Unprocessed food have decreased (-0.5%).<\/p>\n
In August 2023, according to preliminary estimates, the Italian harmonised index of consumer prices (HICP) increased by 0.2% on monthly basis and by 5.5% on annual basis (down from +6.3% in the previous month). The slow down of the growth of HICP (wider than NIC) was due to the summer sales (not considered by NIC), which caused a decrease on monthly basis of prices of Clothing and footwear (-3.1%) larger than that of August 2022 (-0.7%); this difference reflects on the rate of change on annual basis of prices of Clothing and footwear (from +5.4% in July to +2.8%) and on that of the all item index.<\/p>\n","protected":false},"excerpt":{"rendered":"
According to preliminary estimates, in August 2023 the rate of change of the Italian consumer price index for the whole nation (NIC) was +0.4% on […]<\/p>\n","protected":false},"author":8,"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-28025","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":"20230831","descrizioneperiodo":"August 2023","titolobreve":"Consumer prices (provisional data) - August 2023","news":"In August 2023 the CPI +0.4% compared with the previous month and +5.5% year-over-year","news_rss":"According to preliminary estimates, in August 2023 the rate of change of the Italian consumer price index for the whole nation (NIC) was +0.4% on monthly basis and +5.5% on annual basis (from +5.9% in July).","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\/28025","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/comments?post=28025"}],"version-history":[{"count":0,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/28025\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/media?parent=28025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/categories?post=28025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tags?post=28025"},{"taxonomy":"regione","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/regione?post=28025"},{"taxonomy":"tema","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tema?post=28025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}