In April, inflation accelerated more than expected in Italy

By: Trademagazin Date: 2023. 05. 02. 11:20

In Italy, instead of the 8.2 percent expected by analysts, consumer prices rose by 8.3 percent year-on-year in April, after a 7.6 percent increase in March, the Italian statistics office, Istat, announced on Tuesday based on preliminary data.

Based on preliminary data from Istat, consumer prices rose by 0.5 percent on a monthly basis instead of the 0.3 percent increase predicted by analysts, after registering a 0.4 percent monthly decrease in March.

In its announcement, Istat noted that the acceleration of annual inflation was primarily caused by the increase in unregulated energy prices. The annual increase in unregulated energy prices accelerated to 26.7 percent in April after 18.9 percent in March. Regulated energy prices showed a 26.4 percent decrease in April, while a 20.3 percent decrease in March.

In the case of processed food, unprocessed food, and transport services, the growth rate of consumer prices slowed down in April.