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- Italian consumer prices fell slightly in May
Italian consumer prices fell slightly in May
According to the report from Istat, in May 2020 the rate of change of Italian consumer price index for the whole nation (NIC) was -0.2% both on monthly basis and with respect to May 2019 (inflation was zero in the previous month); the flash estimate was -0.1%.
The decrease on annual basis of all items index was mainly due to the widening of the decrease of prices of non-regulated energy products (from -7.6% to -12.2%).
Core inflation (excluding energy and unprocessed food) was +0.8% and inflation excluding energy was +1.0% (the same as in the previous month for both).
The decrease on monthly basis was mainly due to the decrease of prices of non-regulated energy products (-4.2%), only partially offset by the increase of prices of unprocessed food (+1.2%).
Prices of grocery and unprocessed food increased by 0.5% on monthly basis and by 2.4% on annual basis (down from +2.5% in the previous month).
In May 2020 the Italian harmonized index of consumer prices (HICP) decreased by 0.3% both on monthly basis and on annual basis (down from +0.1% in the previous month); the flash estimate was -0.2%.
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