Italy's annual inflation rate dropped
to 7.9% in July, down from 8% in June, according to final
figures released by ISTAT on Wednesday.
The national statistics agency said a deceleration in energy
prices (from 48.7% in June to 42.9% in July) was a factor in the
fall.
It said its consumer price index rose by 0.4% in month-on-month
terms.
ISTAT also said, however, that its 'trolley' index of frequently
bought items such as food and household goods was up by 9.1%,
the highest level since September 1984.
Prices of the habitation, water, electricity and fuel section of
the economy rose by 24.7% over July 2021, ISTAT said.
Like many other countries Italy is enduring a cost of living
crisis sparked by the Ukraine war, supply-chain disruptions and
other factors.
The government recently passed a second bumper aid package for
those struggling to make ends meet.
It has also passed legislation to tamp down power-bill hikes.
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