In March 2023, the national consumer price index for the entire community, before tobacco, is estimated to register a decrease of 0.4 percent on a monthly basis and an increase of 7.6 percent on an annual basis, from +9.1 percent in the previous month; the preliminary estimate was +7.7 percent. This is what ISTAT reported yesterday. The slowdown in inflation is primarily due to the trend-based deceleration in prices of unregulated energy goods (from +40.8 percent to +18.9 percent) and the accentuated decline in prices of regulated energy goods (from -16.4 percent to -20.3 percent), the effects of which were only partly offset by the acceleration of prices of unprocessed food (from +8.7% to +9.1%), those of housing-related services (from +3.3% to +3.5%), recreational, cultural and personal care services (from +6.1% to +6.3%) and tobacco (from +1.8% to +2.5%). The "core inflation", net of energy and fresh food, remains stable at +6.3%, as does the one net of energy goods alone, which stands at +6.4%.