According to the report from Istat, in July 2021 the rate of change of Italian consumer price index for the whole nation (NIC) was +0.5% on monthly basis and +1.9% on annual basis (+1.3% in June); the flash estimate was +1.8%.

The speed-up of the growth on annual basis of All-item index was mainly due to the prices of Regulated energy products (that were up from +16.9% to +34.2%), whereas the Non-regulated ones slowed down (from +12.8% to +11.2%). 

Core inflation (excluding energy and unprocessed food) was +0.6% and inflation excluding energy was +0.4% (both up from +0.3% in the previous month).

The increase on monthly basis was mainly due to the prices of Regulated energy products (+11.3%) and, to a lesser extent, to those of Services related to transport (+1.1%) and of Services related to recreation, including repair and personal care (+0.8%); instead, prices of Unprocessed food decreased (-1.6%).

The rate of change of Prices of Grocery and unprocessed food was -0.5% on monthly basis and zero variation on annual basis (from -0.7% in the previous month).