ROME, July 31 (Reuters) – Italian EU-harmonised consumer prices (HICP) fell 1.0% in July from the month before due to seasonal summer discounts, with the annual inflation rate slowing slightly to 2.9% from June’s 3.0%, preliminary data showed on Friday, amid high energy costs due to turmoil in the Middle East.
The year-on-year reading was slightly above a median forecast in a Reuters survey of 17 analysts which pointed to a rise of 2.8%, whereas the month-on-month data matched the forecast.
Official statistics agency ISTAT also reported that the main domestic price index (NIC), which excludes temporary discounts, was up 0.2% month-on-month in July and up 2.8% annually, following a 3.0% annual rate in June.
Core inflation (net of fresh food and energy) was running at 1.7% year-on-year on the HICP index in July, accelerating from 1.5% in June.
(Reporting by Antonella Cinelli, graphic by Stefano Bernabei, editing by Gavin Jones)
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