Italy’s Inflation Rate Decreases to 2.9% in July

Abu dhabi: Italy's annual inflation rate fell to 2.9% in July from 3% in June, according to National Institute of Statistics (Istat) on Wednesday. According to Emirates News Agency, Istat revised up its definitive figure after initially estimating the inflation figure for July at 2.9% in its provisional estimate. This adjustment reflects a slight slowdown in inflation, attributed to the price dynamics of non-regulated energy products, which decreased from 13.3% to 11.4%, unprocessed food, which fell from 4.4% to 3.6%, and miscellaneous services, which declined from 2.5% to 1.8%. Additionally, Istat reported that its consumer price index increased by 0.3% in month-on-month terms.