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Italy's inflation rate rose to 0.8% in January - Istat - Business

2024-02-22T09:51:23.708Z

Highlights: Italy's inflation rate rose to 0.8% in January - Istat. The national statistics agency said its consumer price index was up by 0.3% in month-on-month terms. The rise in the annual inflation rate was mainly due to the prices of services related to transport. But 'core inflation', excluding energy and unprocessed food, decelerated from 3.1% to 2.7%. The core inflation rate excluding only energy goods dropped from3.4% to 3.0%.


Italy's annual inflation rate rose to 0.8% in January, up from 0.6% in December, Istat said on Thursday, confirming its preliminary estimate. The national statistics agency said its consumer price index was up by 0.3% in January in month-on-month terms. (HANDLE)


Italy's annual inflation rate rose to0.8% in January, up from 0.6% in December, Istat said onThursday, confirming its preliminary estimate.


   The national statistics agency said its consumer price index was up by 0.3% in January in month-on-month terms.


   It said the rise in the annual inflation rate was mainly due to the prices of services related to transport (up from +3.7% to +4.2%), of those of unprocessed food (from +7.0% to +7.5%) and of regulated energy products (from -41-6% to -20.6%).


   It added, however, that 'core inflation', excluding energy and unprocessed food, decelerated from 3.1% to 2.7%.


   The core inflation rate excluding only energy goods dropped from 3.4% to 3.0%, Istat said.


   The agency said its 'trolley index' of the prices of food, household and personal care goods dropped from 5.3% to 5.1% in year-on-year terms.


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