Italy’s March inflation rate rose 6.5% year-on-year | Europe up to date | D.W.

These estimates had been published at the end of March, when a rise of 6.7% was indicated. The statistics institute Istat explained that the revision of its estimates is due to the measures adopted by the government to reduce the VAT on gas (which is already effective in October 2021) and the special taxes on fuel. In particular, the reduction in the fuel tax as of March 22, which contained the growth in prices for this group of products.

In detail, he indicated that the acceleration of inflation this month is mainly due to the prices of energy goods (whose growth rose from 45.9% in February to 50.9%), in particular those of the unregulated component (from 31.3% to 36.4%) while the prices of the regulated component continue to be almost double those recorded in the same month last year (94.6%, as in february).

In Italy, the prices of processed foods (from 3.1% in February to 3.9% in March) and unprocessed foods (from 6.9% to 8.0%), as well as those of durable goods (from 1.2% to 1.2%), also increased. % to 1.6%) and semi-durable goods (from 1.0% to 1.5%). The prices of transport-related services, on the other hand, recorded a deceleration (from 1.4% to 1.0%).

“Core inflation”, which does not include energy and fresh food prices, also accelerated from 1.7% to 1.9%, according to official data.

With this trend, inflation for 2022 will be 5.2%, which lowers its latest estimate (5.3%) by 0.1 percentage point.

While the harmonized index of consumer prices (HICP) – which measures price developments with the same method in all eurozone countries – rose to 2.4% in March and 6.8% on an annual basis. (EFE).

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