Italian EU-harmonised consumer prices (HICP) rose 0.1% in June from the month before, with the annual inflation rate slowing to 3.1% from May's 3.2%, preliminary data showed on Tuesday, amid high energy costs due to turmoil in the Middle East.
The reading was slightly below a median forecast in a Reuters survey of 15 analysts which pointed to an increase of 0.2% month-on-month and a year-on-year rise of 3.2%.
Official statistics agency ISTAT also reported that the main domestic price index (NIC) was flat month-on-month in June and up 3.0% annually, following a 3.2% annual rate in May.
Core inflation (net of fresh food and energy) was running at 1.6% year-on-year on the HICP index in June, slowing from 1.8% in May.
ISTAT gave the following preliminary breakdown:
June May April | The EU-harmonised index (HICP) | Monthly change 0.1 0.3 1.6 | Year-on-year inflation 3.1 3.2 2.8 | Index (base 2025=100) 103.7 103.6 103.3 | The NIC index: | Monthly change 0.0 0.4 1.1 | Year-on-year inflation 3.0 3.2 2.7 | Index (base 2025=100) 103.1 103.1 102.7 |