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Italy sees decline in annual inflation to 1.7% in October 2023

The slowdown of the annual inflation rate was due to the prices of non-regulated energy products—from *.* per cent to -**.* per cent, of regulated energy products—from -**.* per cent to -**.* per cent, the Italian National Institute of Statistics (ISTAT) said in a press release.

The core inflation (all-items excluding energy and unprocessed food) was *.* per cent—down from *.* per cent in September and the all-items index excluding energy was *.* per cent—from *.* per cent in the previous month. As for goods, the year-on-year growth rate was zero—from *.* per cent.