Inflation excluding energy was at 4.9 per cent in August—up from 4.7 per cent in July, according to preliminary estimates by the Italian statistical office (Istat).
The speed-up of the growth of the all-item index on an annual basis was primarily due to the prices of energy, specifically of non-regulated energy products.
Regulated energy products in August confirmed the same wide increase of the previous month, equal to 47.9 per cent.
The annual rate of change of prices of goods was 11.8 per cent in August from 11.1 per cent in the previous month.
The increase on monthly basis of NIC was mainly due to the prices of non-regulated energy products, Istat said in a note.
In August, according to preliminary estimates, the Italian harmonised index of consumer prices (HICP) increased by 0.8 per cent on a monthly basis and by 9 per cent on an annual basis (from 8.4 per cent in the previous month).
ALCHEMPro News Desk (DS)
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