Italy: Inflation comes in at highest level since September 2012 in October
October 29, 2021
Consumer prices rose 0.57% from the previous month in October, swinging from the 0.19% drop seen in September. October's figure marked the highest reading since January. The rebound was broad-based, with greater price pressures recorded for food and non-alcoholic beverages, transportation, and recreation and culture. Notably, energy prices also increased at a solid rate, driving up the print.
Inflation came in at 2.9% in October, which was up from September’s 2.5%. October's reading was the highest inflation rate since September 2012. Annual average inflation rose to 1.2% in October (September: 0.9%). Lastly, harmonized inflation ticked up to 3.1% in October, from September’s 2.9%.