Italian inflation rate sees slight increase in January 2024

Core inflation, which excludes volatile components such as energy and unprocessed food, was reported at 2.8 per cent, down from 3.1 per cent in the preceding month. Furthermore, when excluding energy alone, inflation stood at 3.1 per cent, a decrease from 3.4 per cent in the previous month.

The goods sector experienced a YoY decline of 0.8 per cent, showing some improvement from a 1.5 per cent decrease recorded in December, as per Istat.

Additionally, the Italian harmonized index of consumer prices (HICP) saw a monthly decrease of 1.1 per cent in January 2024. On an annual basis, the HICP recorded a 0.9 per cent increase, showing a slight improvement from the 0.5 per cent growth observed in December.

ALCHEMPro News Desk (DP)