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Istat: July prices rise by 2.9% on an annual basis Inflation slows down compared to June, but less than expected
Italy🏛️ PoliticsCenter11 days ago

Istat: July prices rise by 2.9% on an annual basis Inflation slows down compared to June, but less than expected

According to data released by Italy's National Institute of Statistics (Istat), inflation in July 2023 rose by 2.9% compared to the same month in the previous year, slightly below June’s 3% increase. On a monthly basis, prices increased by 0.3%, marking a slower pace than the previous month. The slowdown was attributed to lower increases in unregulated energy prices and unprocessed food items, though regulated energy prices and certain service sectors saw higher price growth. While the core inflation rate, excluding volatile categories like energy and fresh food, remained stable at 1.6%, the Union of Consumers expressed concern over the continued upward trend in overall prices, highlighting discrepancies between reported fuel price changes and those calculated by the ministry.

The Italian statistical office, Istat, reported that consumer prices rose by 2.9% year-on-year in July 2026, marking a slowdown compared to June’s 3% increase. The inflation rate, however, remained above expectations, prompting Istat to revise its preliminary estimate upward from 2.8% to 2.9%. On a monthly basis, prices increased by 0.3%, reflecting a gradual deceleration in the pace of price growth. According to the data released by Istat, the decline in inflation was primarily driven by lower increases in unregulated energy prices and unprocessed food items. Energy prices, which had risen by 13.3% annually in June, dropped to 11.4% in July. Similarly, unprocessed food prices fell from an annual increase of 4.4% to 3.6%. However, regulated energy prices accelerated, rising from 9.2% to 14.8% annually. Price increases were also observed in transport-related services, which climbed from 1.1% to 1.6%, and in recreational, cultural, and personal care services, which saw their annual rise increase from 2.7% to 3%. The Union of Consumers (Unione Nazionale Consumatori) expressed concern over the figures, noting that while June's inflation stood still with zero change, July saw a resurgence, reaching a worrying +0.3% increase. The organization criticized the reliability of fuel price data, pointing out that these figures were significantly lower than the average monthly variation calculated by the ministry. This discrepancy has raised further concerns among consumer advocates. The core inflation rate, excluding energy and fresh food, remained stable at 1.6%. One of the most notable trends was the decline in the cost of the "shopping basket," which includes food, household goods, and personal care products. Prices for this category decreased by 0.3% month-on-month, and the annual growth rate slowed from 1.3% to 1%. Frequent purchases also showed a moderation, with their annual increase dropping from 3.9% to 3.4%. The final data confirmed that the cost of living continued to rise, particularly for services outside the home. Dining and accommodation expenses, which include restaurant services and lodging, recorded an annual increase of 3.4%, up from 2.9% in the previous year. Transport services also saw an acceleration in price growth, increasing from 1.1% to 1.6% annually. While air travel became slightly cheaper than the previous year, the savings were reduced compared to the sharp drop in summer 2025, when prices fell by 10.3% annually. By July 2026, the price decrease had narrowed to -5.6%. Meanwhile, Germany also experienced an uptick in inflation, with the official rate climbing to 2.8% in July 2026, up from 2.3% in June and 2.6% in May. The German Federal Statistical Office (Destatis) attributed this acceleration to continued high energy price increases, which remained the primary driver of inflation. Notably, fuel prices surged sharply due to the end of government subsidies on fuels on June 30, coinciding with a rise in oil prices following tensions with Iran. As a result, overall consumer prices increased by 0.8% compared to June.

2 reports

Il Fatto Quotidiano logoIl Fatto QuotidianoIndependentCenterFactual 95Objective 8511 days ago
Istat: July prices rise by 2.9% on an annual basis Inflation slows down compared to June, but less than expected

According to data released by Italy's National Institute of Statistics (Istat), inflation in July 2023 rose by 2.9% compared to the same month in the previous year, slightly below June’s 3% increase. On a monthly basis, prices increased by 0.3%, marking a slower pace than the previous month. The slowdown was attributed to lower increases in unregulated energy prices and unprocessed food items, though regulated energy prices and certain service sectors saw higher price growth. While the core inflation rate, excluding volatile categories like energy and fresh food, remained stable at 1.6%, the Union of Consumers expressed concern over the continued upward trend in overall prices, highlighting discrepancies between reported fuel price changes and those calculated by the ministry.

Bias read (Center): The article presents the inflation data objectively, citing Istat figures without overtly criticizing or praising the government's economic policies. It includes both official statistics and commentary from the Union of Consumers, which adds a critical perspective but does not dominate the narrative

Why factuality (95): The article accurately reports the Istat data showing a 2.9% annual inflation rate in July, lower than June’s 3% but higher than expected. It also correctly cites the factors behind the slowdown (energy prices and food prices) and includes quotes from the UN Consumer Union expressing concern. The on

Why objectivity (85): The article presents the facts neutrally but includes a quote from the UN Consumer Union that frames the data as 'alarming,' introducing a slight bias toward concern. However, this is presented as an external opinion rather than the author’s own view, maintaining overall balance.

Il Sole 24 Ore logoIl Sole 24 OreParty-aligned🔒CenterFactual 90Objective 9011 days ago
Istat raises estimates, July inflation to 2.9%

The Italian National Institute of Statistics (Istat) has revised its inflation estimates for July 2026, showing an annual inflation rate of 2.9%, slightly down from June’s 3.0%. This decline is primarily due to lower price increases in unprocessed food and unregulated energy prices. However, regulated energy and certain service prices continue to support inflation. The overall cost of goods in the 'shopping basket' rose by 1.0% annually, while core inflation remained stable at 1.6%. Meanwhile, Germany's inflation accelerated to 2.8% in July 2026, driven by rising energy prices, particularly fuel costs, which increased sharply after the end of a government subsidy on fuels in early June.

Bias read (Center): The article presents factual economic data from Istat and Destatis without overt ideological framing. It reports on inflation trends in Italy and Germany using neutral language, focusing on statistical updates and expert commentary rather than taking a partisan stance. While economic indicators can牵

Why factuality (90): The article correctly states the 2.9% annual inflation rate in July and attributes the change to energy and food price dynamics. It also mentions the 'carrello della spesa' slowing to +1.0% annually and the core inflation remaining at +1.6%. However, it incorrectly references 'July 2026' when the ev

Why objectivity (90): The article maintains a neutral tone throughout, presenting the data objectively without overt bias or emotional language. It includes relevant contextual details like the impact of summer sales and comparisons to previous years without taking sides.

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