Istat: In 2023 inflation is at +5.6%, energy commodities and shopping cart are slowing

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Earned inflation for 2023 equals +5.6% for the general index and +4.7% for the core component. This was reported by Istat, confirming initial estimates of the trend of consumer prices in May.
The slowdown in inflation is primarily due to the trend-based slowdown in unregulated energy commodity prices (from +26.6% to +20.3%) and, to a lesser extent, processed food prices (from +14.0%) to +13.2%), of assets Other (from +5.3% to +5.0%), from transportation-related services (from +6.0% to +5.6%) and recreational, cultural and personal services (from +6.9% to +6.7%). These effects were only partially offset by upward tensions in the prices of unprocessed food items (from +8.4% to +8.8%) and those of housing-related services (from +3.2% to +3.5%). Core inflation, excluding energy and fresh food, slowed slightly from +6.2% to +6.0%, as did the excluding energy products alone, which fell from +6.3% to +6.2%.

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