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- Final consumer prices in Italy decrease 0.4% in November
Final consumer prices in Italy decrease 0.4% in November
The Italian statistical office Istat released its final consumer price inflation data for Italy on Monday. Final consumer prices in Italy decreased 0.4% in November, in line with preliminary reading, after a 0.2% rise in October.
The decrease was mainly driven by a drop in prices for services related to recreation including repair and personal care. Prices for services related to recreation including repair and personal care plunged 1.6% in November.
On a yearly basis, consumer prices climbed 0.1% in November, in line with preliminary reading, after a 0.3% increase in October.
The slower increase was mainly driven by lower prices for services related to recreation including repair and personal care. Prices for services related to recreation including repair and personal care rose 0.6% year-on-year, after a 1.4% gain in October.
Final consumer price inflation excluding unprocessed food and energy prices fell to 0.7% year-on-year in November from 0.8% in October.
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