Italy's consumer price inflation held steady in July after easing slightly in the previous month, preliminary data from the statistical office showed on Thursday.
Consumer price inflation stood at 1.7 percent in July, the same as in the previous month. Meanwhile, economists had expected the rate to ease to 1.5 percent.
The price growth in unprocessed food products accelerated to 5.1 percent from 4.2 percent. Similarly, inflation based on food items rose to 3.1 percent from 2.7 percent. Meanwhile, prices of unregulated energy products declined 5.8 percent.
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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.