Italy's annual inflation rate slowed to 3% in June - preliminary estimate

Italy's annual inflation rate fell to

3% in June, down from 3.2% in May, according to a provisional

estimate released by Istat on Tuesday.

The national statistics agency said its consumer-price index was

flat this month compared to last.

"The slight slowdown in inflation reflects the price dynamics of

unprocessed food (from +5.5% to +4.5%), of services related to

recreation, including repair and personal care (from +3.0% to

+2.7%), and services related to transport (from +1.7% to

+1.1%)," Istat said.

"By contrast, prices for energy products accelerated, both

regulated energy products (from +5.6% to +9.3%) and

non-regulated energy products (from +12.5% to +12.9%)".

Italy's inflation rate has climbed significantly in recent

months following the energy-price shock triggered by the Iran

war.

Istat said its 'shopping trolley' index of the prices of food,

household goods, and personal care products rose by 1.6% in

June, down from 1.9% in May.

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