Italy's consumer price inflation held steady for the second consecutive month in June, as initially estimated, according to the latest data released by the statistical office, ISTAT.
The consumer price index recorded a 0.8 percent year-over-year increase in June, maintaining the same rate as observed in the previous two months, in line with the preliminary data published on June 28.
Core inflation, which excludes volatile components such as energy and fresh food, slightly decreased to 1.9 percent from the previous 2.0 percent. The initial report had pegged the core inflation rate at 2.0 percent.
The annual price growth for unprocessed food products moderated to 0.3 percent from 2.2 percent. Meanwhile, charges for recreational, cultural, and personal care services increased at a marginally slower pace of 4.0 percent, down from 4.3 percent in May.
The costs of non-regulated energy products plummeted by 10.3 percent, while the prices of regulated energy products accelerated at a rate of 3.5 percent.
On a monthly basis, consumer prices inched up by 0.1 percent, as estimated.
Inflation, based on the harmonised index of consumer prices (HICP), stood at 0.9 percent in June, a slight rise from 0.8 percent in May. Month-on-month, the HICP posted an increase of 0.2 percent, with no revisions from the initial estimate.
