The estimated annual inflation of the CPI in July 2025 is 2.7%, according to the flash indicator prepared by the NSI. This indicator provides a preview of the CPI which, if confirmed, would mean an increase of four tenths in its annual rate, since in June this variation was 2.3%. This development is mainly due to the increase in electricity prices, compared with the decline in July 2024, and, to a lesser extent, to increases in fuels prices, which were higher than in the same month of the previous year. The estimated annual variation rate of underlying inflation (general index excluding non-processed food and energy ... (full story)