Inflation rises to 6.8% in May, the highest since 1990

In May 2022, it is estimated that the national consumer price index for the whole community (Nic), gross of tobacco, will increase by 0.8% on a monthly basis and by 6.8% on a monthly basis. annual (from + 6.0% in the previous month).

Istat communicates this by disseminating the final inflation data in May, which files the preliminary estimate (it was + 6.9% on an annual basis).

"After the slowdown in April, inflation accelerates again, rising to a level that has not been recorded since November 1990", underlines the Institute.

    The strong growth in the prices of the so-called shopping cart is confirmed, rising to + 6.7%, as it had not happened since March 1986 (when it was + 7.2%).

In fact, the prices of food goods, for home and personal care accelerate, passing from + 5.7% in April to + 6.7% and also those of products with a high frequency of purchase (from +5, 8% to + 6.7%).

Among the increases that make the shopping cart go up is that of processed foodstuffs (+ 6.6% per year).