Istat: inflation accelerates to + 6.9% in May, at the top since 1986

Inflation picks up again in May, after the slowdown in April.

According to preliminary Istat estimates, the national consumer price index for the entire community (Nic), gross of tobacco, recorded an increase of 0.9% on a monthly basis and of 6.9% on an annual basis. (from + 6.0% the previous month).

"In May, after the slowdown in April, inflation accelerates again, rising to a level that has not been recorded since March 1986 (when it was equal to + 7.0%)", explains Istat.

The inflation acquired for 2022, i.e. the average change that would be assumed that the index remains at the same level for the rest of the year, is equal to + 5.7% for the general index and + 2.5% for the underlying component.

Istat notes this by disseminating the preliminary estimate on prices in May.

In May, the prices of the so-called 'shopping cart' accelerate to levels not seen in 36 years.

Istat notes this by disseminating the preliminary estimate of consumer prices.

The prices of food, household and personal care goods in fact rose to + 6.7%, from + 5.7% in April.

"Processed foods raise the price increase of the so-called 'shopping cart' by one point, which reaches + 6.7%, as it had not happened since March 1986 (when it was + 7.2%)", explains the Istat.

The prices of products with high purchasing frequency are also accelerating (from + 5.8% to + 6.7%).