Italian Inflation Rate Revised Up to 0.7% in November

In November, Italy's consumer prices rose 0.7 percent, down from 0.8 percent in October and up from the provisional estimate of 0.6 percent. The slowdown was mainly due to falling communication costs.

Communication prices fell 9.3 percent (down from -8.6 percent in October) and a slowdown was registered in the prices of food (+1.3 percent, from +1.4 percent), housing, water, electricity and gas (+0.3 percent compared with +0.4 percent) and restaurants and hotels (+1.5 percent, down from 1.8 percent).

The biggest upward pressures came from alcoholic beverages and tobacco (1.3 percent), education (+1.3 percent) and furnishings and household equipment (+1.2 percent), all unchanged from the previous month.

Core inflation, which excludes energy and unprocessed food, rose to 1.1 percent from 1.3 percent in the previous month. On a monthly basis, prices were down by 0.3 percent, down from a monthly inflation of 0.4 percent in October.

Italian Inflation Rate Revised Up to 0.7% in November

Istat | Nuno Fontes |
12/12/2013 9:18:34 AM