Italy inflation rises more than expected
- Economy
- DPA
- Published Date: 05:03 | 01 July 2022
- Modified Date: 05:08 | 01 July 2022
Consumer prices gained 8.0% year-on-year in June, following a 6.8% rise in May. Economists had forecast a rise of 7.4%.
On a month-on-month basis, consumer prices rose 1.2% in June.
The monthly growth was mainly due to prices of non-regulated energy products that grew 6.0% and those of services related to transport that rose by 2.0%. Prices of processed food including alcohol increased 1.7%.
The core inflation accelerated to 3.8% in June from 3.2% in the previous month.
Inflation, based on the harmonized index of consumer prices, rose to 8.5% in June from 7.3% in the previous month. Economists had forecast 7.8% inflation.
The HICP rose 1.2% monthly in June, which was faster than the 0.8% increase economists had forecast.
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