Finance
Italy July EU-harmonised CPI decelerates to 1.7% y/y, 'core' inflation stable
Published by Global Banking and Finance Review
Posted on July 31, 2025
1 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on July 31, 2025
1 min readLast updated: January 22, 2026
Italy's July EU-harmonised CPI decelerated to 1.7% y/y, with core inflation stable at 2.1%. Monthly decline due to summer sales. ISTAT reports NIC index up.
ROME (Reuters) -Italian EU-harmonised consumer prices (HICP) fell a preliminary 1.0% month-on-month in July, with annual inflation slightly decelerating to 1.7%, data showed on Thursday.
The reading for the year-on-year rate was just above a median forecast in a Reuters survey of 17 analysts, which pointed to an increase of 1.6%, whereas the monthly rate was in line with the Reuters consensus.
Official statistics agency ISTAT also reported that the main domestic price index (NIC), was up 0.4% on the month and up 1.7% annually in July, the same year-on-year rate as in June.
The HICP monthly decline was due to the summer sales, not taken into account by NIC index.
Core inflation (net of fresh food and energy) was running at 2.1% year-on-year on the HICP index in July, stable from the month before.
(Reporting by Antonella Cinelli, graphic by Stefano Bernabei, editing by Giselda Vagnoni)
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power.
Core inflation measures the long-term trend in prices by excluding items that face volatile price movement, such as food and energy.
Consumer prices refer to the prices that consumers pay for goods and services, which are tracked to measure inflation.
The consumer price index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services.
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