Italy's annual inflation rate fell to
7.6% in May, down from 8.2% in April, according to a preliminary
estimate released by ISTAT on Wednesday.
The drop took the inflation rate back down to the level of
March.
"The slow down of the annual inflation rate was mainly due to
the prices of non-regulated energy products (from +26.6% to
+20.5%) and, to a lesser extent, of processed food including
alcohol (from +14.0% to +13.4%), of services related to
transport (from +6.0% to +5.5%) and of non-energy industrial
goods (from +5.3% to +5.1%)," the national statistics agency
said.
April's inflation spike ended several months of falls in the
annual rate.
Driven by soaring energy prices after Russia's invasion of
Ukraine, inflation peaked at 11.8% in October and November and
had been on a downward trend until April.
ISTAT said its consumer price index was up by 0.3% in
month-on-month terms in May.
ALL RIGHTS RESERVED © Copyright ANSA
