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Investing.com -- Italian consumer prices rose slightly in June, with the annual inflation rate edging higher, according to revised data from the national statistics agency ISTAT on Wednesday.
The EU-harmonised consumer price index (HICP) increased by 0.2% month-on-month in June, while the annual inflation rate reached 1.8%, ISTAT reported.
This represents an upward revision from the preliminary estimate of 1.7% year-on-year growth.
The annual inflation rate in June marked an acceleration from May’s figure of 1.7%.
Italy’s main domestic price index (NIC (NASDAQ:EGOV)) also showed inflationary pressure, rising 0.2% on a monthly basis and increasing by 1.7% compared to the same month last year.
This annual rate was higher than the 1.6% recorded in May.
Core inflation, which excludes volatile items such as fresh food and energy, reached 2.1% year-on-year on the HICP index in June, up from 2.0% in May.
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