In July 2018, the Italian consumer price index for the whole nation (NIC) increased by 0.3% on monthly basis and by 1.5% compared with July 2017 (up from +1.3% in the previous month), confirming the flash estimate.

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 +5.5%). The slowdown of prices of Services related to transport (from +2.9% of the previous month to +1.7%) mitigated this acceleration.

As a consequence, 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%).