Italy July EU-harmonised CPI revised down to +1.6% y/y

August 9 (Reuters) - Italian EU-harmonised consumer prices (HICP) fell 0.9% month-on-month in July and were up 1.6% from the year earlier, official statistics agency ISTAT said on Friday, revising down preliminary data.

The preliminary estimate had pointed to -0.8% month-on-month and +1.7% year-on-year.

July’s +1.6% annual rate was up from +0.9% in June.

The main domestic price index (NIC), rose 0.4% on the month and increased 1.3% annually, accelerating from a 0.8% annual rise in June.

Core inflation (net of fresh food and energy) was running at +2.4% year-on-year on the HICP index in July, up from +2.1% in the month before.

ISTAT gave the following details:

July June May

The EU-harmonised index (HICP):

Monthly change -0.9r +0.2 +0.2

Year-on-year inflation +1.6r +0.9 +0.8

Index (base 2015=100) 121.8r 122.9 122.7

The NIC index:

Monthly change +0.4r +0.1 +0.2

Year-on-year inflation +1.3 +0.8 +0.8

Index (base 2015=100) 121.2r 120.7 120.6

(Reporting by Philippe Leroy Beaulieu, editing Antonella Cinelli)

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