Italy's Consumer Price Index (CPI) ex Tobacco held steady at 0.8% in June 2024, maintaining the same rate of change observed in May 2024, according to data updated on July 16, 2024. This consistent measurement signals a relative stability in the prices of goods and services excluding tobacco, over the short term.
The CPI ex Tobacco indicator compares price changes over the same month a year ago. Both May and June recorded a year-over-year change of 0.8%, indicating that inflationary pressures remain subdued and consistent with previous months.
Analysts note that the stable CPI ex Tobacco suggests that inflation in the broader economy could be under control, pending other market factors. As economic conditions continue to evolve, this steadiness provides a current snapshot of price movement and can be a helpful indicator for policymakers and investors alike.
