According to the results of June this year, the increase in consumer prices in the Italian domestic market was 6.7% on an annual basis. Thus, this figure fell to the lowest level in 14 months. informs The Bloomberg agency cites data from analysts of the Italian Institute for the Collection of Statistics (ISTAT).
At the same time, the rise in consumer prices in the republic in June was significantly lower than in May. In the last month of spring, the annual inflation rate in Italy reached 8%. The slowdown in inflation was due to several factors. The article notes that among the key ones are the reduction of transportation costs for citizens of the republic and the slowdown in the increase in the price of utilities.
Inflation in Italy fell to 14-month low in June <…> Consumer prices rose 6.7% year-on-year, well below the 8% increase seen in May.
April 1 European Commissioner for Economic Affairs Paolo Gentiloni declarationThis does not expect the Italian economy to go into recession in the near future. This is due to the gradual decline in inflation, the fall in energy prices and adequate stability in the local labor market.
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