Consumer prices (provisional data) - June 2024

According to preliminary estimates, in June 2024 the Italian consumer price index for the whole nation (NIC)
increased by 0.1% on monthly basis and by 0.8% with respect to June 2023 (the same as in May 2024).

The stabilization of the growth on annual basis of All-item index underlies contrasting trends: the prices of
Unprocessed foods (from +2.2% to +0.4%), of Services related to recreation, including repair and personal
care (from +4.3% to +4.0%) and of Durable goods (from -0.7% to -1.1%) slowed down; on the contrary, the
prices of Non-regulated energy products (from -13.5% to -10.3%), of Regulated energy products (from
+0.7% to +3.6%) and of Processed food (including alcohol and tobacco) (from +1.8% to +2.2%) have
increased.

In June 2024, core inflation (excluding energy and unprocessed food) was stable at +2.0% and inflation
excluding energy slowed down (from +2.0% to +1.9%).

As for Goods, the year on year growth rate was -0.6% (from -0.9% in May) and for Services the annual rate
of change was +2.8% (from +2.9%). As a consequence, the inflationary gap between Services and Goods
decreased (from +3.8 percentage points in May to +3.4).

The prices of Grocery and unprocessed food recorded a zero variation on monthly basis and increased by
1.4% on annual basis (down from +1.8% in the previous month).

The increase on monthly basis was mainly due to the prices of Regulated energy products (+2.3%), of
Services related to transport (+0.9%), of Services related to recreation, including repair and personal care
(+0.8%) and of Processed food (including alcohol and tobacco) (+0.5%); on the other hand the prices of
Unprocessed foods (-1.0%), of Non-regulated energy products (-0.9%) and of Durable goods (-0.4%)
decreased.

In June 2024 the rate of change of the Italian harmonized index of consumer prices (HICP) was +0.2% on
monthly basis and +0.9% on annual basis (from +0.8% in May).