According to preliminary estimates, in May 2023 the rate of change of the Italian consumer price index for the whole nation (NIC) was +0.3% on monthly basis and +7.6% on annual basis (down from +8.2% in April). The slow down of the annual inflation rate was mainly due to the prices of Non-regulated energy products (from +26.6% to +20.5%) and, to a lesser extent, of Processed food including alcohol (from +14.0% to +13.4%), of Services related to transport (from +6.0% to +5.5%) and of Non energy industrial goods (from +5.3% to +5.1%). At the opposite, an upward contribution to the inflation rate came from the prices of ... (full story)