Inflation in Italy highest since 1984 ...News

Consumer price growth was led by soaring energy and food costs, official data shows Italy’s domestic price index jumped 11.8% in October from a year earlier, the highest since March 1984, official statistics agency ISTAT reported on Wednesday. The rate picked up from an 8.9% annual increase in September and rose 3.4% on the monthly basis. Meanwhile, EU-harmonized year-on-year price growth hit 12.6% in October, jumping from the prior month’s 9.4%. The “wide speed-up of the growth” in inflation was mainly due to the prices of energy (from +44.5% in September to +71.1%) and food including alcohol (from +11.4% to +13.

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Last updated : 17 Nov 2022 clock 09:41 AM

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Inflation in Italy highest since 1984 ...News

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