Rome, 12 Aug. (LaPresse) – Istat has revised its inflation estimates for July upwards from 2.8% to 2.9% in the final figures. This means the slowdown in price rises is less pronounced than in June, when the rate stood at 3%. “In July 2026, the national consumer price index for the whole population, excluding tobacco, recorded a month-on-month increase of +0.3% and a year-on-year increase of +2.9% (down from +3% in June),” explains Istat. The downward trend in inflation reflects price movements for unregulated energy products, such as motor fuels, and unprocessed foodstuffs. Regulated energy prices, on the other hand, are rising. The ‘shopping basket’ is now slightly cheaper, with a 0.3 per cent fall in July. Prices of the goods making up the ‘shopping basket’ are slowing on an annual basis, falling to +1 per cent. According to Istat, “the year-on-year rate of change in prices for food, household and personal care goods has fallen from +1.3 per cent to +1 per cent, as has that for frequently purchased goods, from +3.9 per cent to +3.4 per cent”.
Inflation: slows in July to +2.9%
Rome, 12 Aug. (LaPresse) – Istat has revised its inflation estimates for July upwards from 2.8% to 2.9% in the final figures. This means the slowdown in price rises is less pronounced than in June, when the rate stood at 3%. “In July 2026, the national consumer price index for the whole population, excluding tobacco, recorded a month-on-month increase of +0.3% and a year-on-year increase of +2.9% (down from +3% in June),” explains Istat. The downward trend in inflation reflects price movements for unregulated energy products, such as motor fuels, and unprocessed foodstuffs. Regulated energy prices, on the other hand, are rising. The ‘shopping basket’ is now slightly cheaper, with a 0.3 per cent fall in July. Prices of the goods making up the ‘shopping basket’ are slowing on an annual basis, falling to +1 per cent. According to Istat, “the year-on-year rate of change in prices for food, household and personal care goods has fallen from +1.3 per cent to +1 per cent, as has that for frequently purchased goods, from +3.9 per cent to +3.4 per cent”.