Italian inflation rate climbs to 1.3 pct in November
Dec 17, 2024
Rome [Italy], December 17: Italy's annual inflation rate rose to 1.3 percent in November, up from 0.9 percent in October, the National Institute of Statistics (ISTAT) said on Monday.
The national statistics agency said the inflation were mainly driven up in November by energy costs. Regulated energy prices saw a significant rise, up 7.4 percent compared to November 2023, accelerating from a 3.9 percent year-on-year increase in October.
This surge in energy costs resulted in higher transportation expenses, which rose by 3.5 percent. These increases had a ripple effect on other sectors, pushing up prices for unprocessed food by 3.8 percent, processed food by 1.9 percent and non-durable goods 1.4 percent.
Despite the annual rise, ISTAT noted that its consumer price index fell by 0.1 percent on a month-on-month basis. Meanwhile, its "trolley index," which tracks the prices of food, household and personal care items, recorded a year-on-year increase from 2.0 percent to 2.3 percent.
Source: Xinhua News Agency
