| Consensus | Consensus Range | Actual | Previous | |
| Month over Month | 0.0% | 0.0% to 0.1% | 0.0% | 0.0% |
| Year over Year | 3.0% | 3.0% to 3.1% | 3.0% | 3.0% |
| HICP - M/M | 0.0% | 0.1% | ||
| HICP - Y/Y | 3.0% | 3.1% |
Highlights
Consumer prices rose 0.1 percent month-on-month and 3.0 percent from June of last year, according to final figures. The result matches both the preliminary estimate and both medians from an Econoday survey of economists’ forecasts.
Energy prices rose 0.1 percent on the month and were 13.0 percent higher than June of last year, while fresh food prices were 1.5 percent lower month-on-month and 4.4 percent higher year-on-year. Excluding both items, core inflation increased 0.2 percent in June ad 1.6 percent year-on-year.
non-energy industrial goods prices were down 0.1 percent from a month ago and up 0.5 percent year-on-year, with the durable goods subcomponent falling by 0.1 percent month-on-month and increasing 0.4 percent from a year ago.
The Harmonized Index of Consumer Prices which is a standard comparing inflation across European economies was unchanged month-on-month and up 3.0 percent year-on-year. Both results are 0.1 percentage point below their preliminary estimates.
Inflation has moderated not only in Italy in June, but also among other European countries, reflecting a relative calm in the war between the US and Iran. That, however, came to an end in July and will likely result in higher energy prices again during the coming months.
Market Consensus Before Announcement
Forecasters expect no revision in the final report from the flash at 0.0 percent on month and 3.0 percent on year.