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Rate of change of Italian CPI in Nov minus 0.5% MoM, 0.7% YoY

17 Dec '23
1 min read
Rate of change of Italian CPI in Nov minus 0.5% MoM, 0.7% YoY

Insights

  • The rate of change of Italian consumer price index in November was minus 0.5 per cent month on month and 0.7 per cent YoY.
  • It was 1.7 per cent YoY in October.
  • The slowdown of the annual inflation rate was due to the prices of both non-regulated and regulated energy products.
  • The YoY growth rate of goods CPI was minus 1.4 per cent, down from zero in October.
The rate of change of Italian consumer price index in November this year was minus 0.5 per cent month on month (MoM) and 0.7 per cent year on year (YoY). It was 1.7 per cent YoY in October.

The slowdown of the annual inflation rate was due to the prices of both non-regulated and regulated energy products.

The core inflation (all-items excluding energy and unprocessed food) and the all-items index excluding energy were both 3.6 per cent compared to 4.2 per cent in the previous month.

The YoY growth rate of goods CPI was minus 1.4 per cent, down from zero in October, the official statistics agency Istat said in a release..

The country’s harmonised index of consumer prices (HICP) decreased by 0.6 per cent MoM and increased by 0.6 per cent YoY in November.

ALCHEMPro News Desk (DS)
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