Italy's annual inflation rate was
11.8% in November, stable with respect to October but still at
the highest level since it was 11.9% in March 1984, according to
a preliminary estimate released by ISTAT on Wednesday.
The national statistics agency added that its consumer price
index was up 0.5% in month-on-month terms, down sharply from
3.4% in October.
"The stable growth on annual basis of all-item index was due to
the offset of opposite dynamics," ISTAT said.
"On the one hand, the prices of non-regulated energy products
slowed down (from +79.4% to +69.9%), together with the prices of
unprocessed food (from +12.9% to +11.3%) and of services related
to transport (from +7,2% to +6.8%).
"On the other hand, the prices sped up of regulated energy
products (from +51.6% to +56.1%), processed food including
alcohol (from +13.3% to +14.4%), non-energy industrial goods
(from +4.6% to +5.0%) and services related to recreation,
including repair and personal care (from +5.2% to +5.5%)".
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