Italian inflation expected to hit double digits ...News

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Italian inflation expected to hit double digits
source : Russia Today ( News ) () 28
Preliminary data indicates the highest consumer price increase in decades Inflation in Italy is expected to peak at 11.9% in October, the highest level in over 38 years, according to preliminary figures released by the country’s national statistics authority. The rate picked up from 8.9% in the previous month and exceeded the expected 9.6%, the National Institute of Statistics (Istat) said on its website. The “wide speed-up” was mainly due to the prices of energy (from +44.5% in September to +73.2% in October) and food, including alcohol, (from +11.4% to +13.1%), Istat added. Consumer prices have been on the rise

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