Inflation drops slightly to 11.6% - ISTAT

(ANSA) - ROME, JAN 5 - Italy's annual inflation rate dropped to 11.6% in December, down from 11. 8% in November, according to a preliminary estimate released by ISTAT on Thursday.
    The 11.8% figure, which was also the inflation rate in October, was the highest level since the rate was 11.9% in March 1984.
    The national statistics agency said its consumer price index was up 0.3% in December in month-on-month terms.
    ISTAT said the average annual inflation rate was 8.1% last year, compared to 1.9% in 2021.
    It said core inflation, excluding energy and unprocessed food, was 3.8%, up from 0.8% in 2021, and inflation excluding energy was 4.1%, while in 2021 it was 0.8%. (ANSA).