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2026-07-16 16:56:11
[Italy's June Inflation Confirmed to Fall to 3.0%, Energy Prices Continue to Accelerate] ⑴ Italy's annual inflation rate fell to 3.0% in June from a more than two-and-a-half-year high of 3.2% in May, confirming the preliminary reading and marking the first slowdown in consumer inflation since January. ⑵ Price increases for unprocessed foods (4.4%, previous 5.5%), leisure, cultural and personal care services (2.7%, previous 3.0%), and transport-related services (1.1%, previous 1.7%) slowed. ⑶ However, supply pressures from the Middle East continued to push up energy prices, which were passed on to consumers. Prices for both regulated energy (9.2%, previous 5.6%) and unregulated energy (13.3%, previous 12.5%) accelerated. ⑷ On a month-on-month basis, consumer prices were flat in June, compared to a 0.4% increase in the previous month; core inflation, excluding energy and fresh food, slightly decreased to 1.6% from 1.7%, while inflation excluding energy alone also fell to 1.9% from 2.1%. (5) The EU harmonized CPI was flat month-on-month and rose 3.0% year-on-year, slowing from 3.2% in May.
