A significant contributor to the all-item index's annual growth has been the slower decline in energy product prices. Non-regulated energy products saw their price decrease rate narrow from minus 17.2 per cent to minus 10.3 per cent, while regulated energy product prices improved from minus 18.4 per cent to minus 13.8 per cent, as per S&P Global.
Core inflation in Italy, which strips out volatile items such as energy and unprocessed food, slightly increased to 2.4 per cent from 2.3 per cent in the preceding month. Meanwhile, inflation excluding energy ticked down to 2.5 per cent from 2.6 per cent, reflecting a nuanced inflation landscape.
The goods sector experienced a marginal year-on-year decline of minus 0.1 per cent, showing signs of stabilization after February's minus 0.9 per cent decrease.
Moreover, the Italian harmonized index of consumer prices (HICP) rose by 1.2 per cent on a monthly basis and 1.3 per cent on an annual basis, driven largely by the end of winter sales in the clothing and footwear sector, which are not captured by the NIC.
ALCHEMPro News Desk (DP)
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