Italy: Inflation increases in October
Consumer prices rose 0.67% from the previous month in October, swinging from the 0.19% fall logged in September. October’s figure marked the highest reading since January. In detail, the uptick was broad-based, with greater price pressures recorded for food and non-alcoholic beverages. In addition, prices for transportation and recreation and culture fell at a softer pace.
Inflation came in at 3.0% in October, which was up from September’s 2.5%. October’s result represented the highest inflation rate since September 2012. Meanwhile, the trend pointed up, with annual average inflation coming in at 1.2% in October (September: 0.9%). Lastly, harmonized inflation rose to 3.2% in October, from September’s 2.9%.