According to the report from Istat, in July 2019 the rate of change of Italian consumer price index for the whole nation (NIC) was stable on monthly basis and increased by 0.4% with respect to July 2018, down from +0.7% in the previous month. The flash estimate was +0.5%.

The core inflation excluding energy and unprocessed food was +0.5% (up from +0.4% in June 2019) and inflation excluding energy was +0.6% (up from +0.5%).

The annual rate of change of prices of Goods was -0.1% (down from +0.5% in the previous month) and that one of prices of Services was +1.0% (the same as in June 2019). As a consequence, the inflationary gap between Services and Goods was +1.1 percentage points (+0.5 in the previous month).

Prices of Grocery and unprocessed food decreased by 0.2 on monthly basis and increased by 0.6% on annual basis (up from +0.2% in the previous month).

In July the Italian harmonized index of consumer prices (HICP) decreased by 1.8% compared with the previous month and increased by 0.3% with respect to July 2018 (down from +0.8% in June).