Consumer prices in Italy were up 1.7% year-on-year in July, the statistical office ISTAT said on Tuesday, in line with expectations. This is higher than the 1.3% inflation rate in June.
On a monthly basis, consumer prices edged up 0.4%, also matching expectations. Prices were unchanged in June.
Meanwhile, the harmonized index of consumer prices climbed 1.8% annually in July, faster than the 1.5% increase in the preceding month. On a monthly basis, harmonized consumer prices slumped 0.9%.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.