In July 2018, according to preliminary estimates, the Italian consumer price index increased by 0.3% on monthly basis and by 1.5% compared with July 2017 (+1.3% in June 2018).

The acceleration of the growth on annual basis of all items index was mainly due to prices of regulated energy products (from -1.2% to +5.3%). The slowdown of prices of Services related to transport (from +2.9% of the previous month to +1.7%) mitigated this acceleration.

Inflation excluding energy and unprocessed food (core inflation) was +0.7% and inflation excluding energy was +0.9% (both in deceleration respectively from +0.8% and +1.0%).