Italy: Inflation comes in at highest level in 9 years in September
September 30, 2021
Consumer prices dropped 0.10% in September over the previous month, swinging from August's 0.38% rise. September's result marked the weakest reading since November 2020. The decline was broad-based, with reduced price pressures recorded for food and non-alcoholic beverages, transportation, and recreation and culture. In addition, prices for utilities halted after growing in the previous month.
Inflation rose to 2.6% in September from August’s 2.0%. September's figure marked the highest inflation rate since September 2012. Annual average inflation rose to 0.9% in September (August: 0.7%). Lastly, harmonized inflation rose to 3.0% in September, from the previous month's 2.5%.
Author: Frederico Teixeira de Abreu, Junior Economist