World Economy
0

Italy Inflation Slows

Italy Inflation SlowsItaly Inflation Slows

Italy’s inflation slowed as estimated in September, final data from the statistical office Istat showed Friday. Consumer price inflation eased marginally to 1.1% in September from 1.2% in August. The slowdown was mainly due to weaker growth in prices of both services related to transport and regulated energy products, RTTNews reported. On a monthly basis, consumer prices dropped 0.3%, reversing a 0.4% rise a month ago. Both monthly and annual inflation figures matched flash estimate published on September 29. Inflation, based on the harmonized index of consumer prices, came in at 1.3% in September, as estimated, versus 1.4% in previous month. Month-on-month, inflation advanced to 1.8% from 0.1% in August. Monthly inflation also came in line with estimate. The prices of the most frequently bought goods in Italy’s inflation trolley rose an annual 1.1% in September compared to 0.6% in August, largely due to the prices of fresh vegetables.

 

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com