Italy: Inflation comes in at highest level since September 2012 in September
Consumer prices dropped 0.19% in September over the previous month, swinging from August’s 0.38% rise. September’s result marked the weakest reading since November 2020. Looking at the details of the release, recreation and culture and transportation prices dropped in September compared to the previous month. In addition, prices pressures for utilities eased.
Inflation rose to 2.5% in September, above August’s 2.0%. September’s result represented the highest inflation rate since September 2012. Annual average inflation rose to 0.9% in September (August: 0.7%). Finally, harmonized inflation rose to 2.9% in September, from August’s 2.5%.