Italy: Inflation stable in November
Consumer prices fell 0.2% month-on-month in November (previously reported: 0.0% month-on-month), following October’s 0.1% dip, according to revised data released by the National Statistical Institute (ISTAT) on 16 December. The figure reflected lower prices for services related to transport and recreation—influenced by seasonal factors—only partially offset by higher prices for unprocessed food. Meanwhile, inflation remained stable at October’s 0.2% in November (previously reported: 0.4%).
Core consumer prices, which exclude more volatile categories such as unprocessed food and energy, dropped 0.4% from the previous month in November, a sharper fall than October’s 0.3% decline. Meanwhile, core inflation was stable at October’s 0.7%, and harmonized inflation was also unchanged from October’s 0.2%.