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11/30/2022, 11:05 AM (Source: TeleTrader)
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Italian inflation remains at record 11.8% in November

The annual inflation rate in Italy stayed at a record 11.8% in November, surpassing market estimates, according to a preliminary report published by the Italian National Institute of Statistics on Wednesday. The monthly reading showed another increase of 0.5%.

However, annual core inflation continued to rise, reaching 5.7% prompted by the growth in prices of regulated energy, processed food including alcohol, non-energy industrial goods, as well as services related to recreation and personal care.

According to European Union norms, consumer prices rose 0.6% versus October and 12.5% year-on-year.

Baha Breaking News (BBN) / ND