Italy’s Revised July Inflation Data Shows 1.6% Increase

Understanding Italy's Revised Inflation Data for July

Italy's July EU-harmonised consumer price index (CPI) has been revised to show an annual increase of 1.6%, up from a 0.9% rise in June, according to the official statistics agency ISTAT. This revision is slightly lower than the preliminary estimate, which had predicted a 1.7% year-on-year increase.