Italy's annual inflation rate stayed
on a downward trend this month, falling to 6%, down from 6.4% in
June, according to provisional data released by Istat on Monday.
The drop took the inflation rate back down to the same level as
April 2022.
The national statistics agency said its consumer price index was
up by 0.1% in July 2023 in month-on-month terms.
Driven by soaring energy prices after Russia's invasion of
Ukraine, inflation peaked at 11.8% in October and November 2022.
Istat said its "trolley" index of goods such as food and
personal and household products came in at 10.4% in year-on-year
terms in July, down from 10.5% in June.
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