Government officials are anxious about the upcoming announcement of July inflation figures by ELSTAT, the independent statistics authority.
Recent estimates have shown a rise in the harmonized index of consumer prices to 3% in July, causing concerns among officials who previously celebrated lower figures.
Various factors like extreme weather affecting agriculture, livestock diseases, potential oil price hikes, and disruptions in transportation due to geopolitical issues are contributing to inflationary pressures.
The impact of these factors on production costs and consumer prices is worrisome for the government, leading to a cautious approach towards the economic situation.
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