Regulated tariffs in the energy sector increased by 7.4% in November, compared to 3.9% in October.
The rise in consumer prices in Italy continued to rise in November, rising to 1.3% year-on-year after 0.9% in October, according to final data published Monday by the National Institute of Statistics (Istat) .
Inflation, which is mainly due to the rebound in regulated prices in the energy sector and food prices, was thus revised downwards by the institute which had previously estimated it at 1.4%.
The increase in consumer prices on the peninsula remains below the euro zone average (2.3% in November) and the medium-term objective of 2% of the European Central Bank (ECB).
The Bank of Italy expects inflation of 1.1% for the whole year and 1.5% for the following two years.
Over one month, consumer prices fell by 0.1%.
Regulated tariffs in the energy sector increased by 7.4% in November, compared to 3.9% in October. Unregulated energy prices slowed their fall, falling 6.6%, after 10.2%.
The prices of processed food products increased their increase over one year, increasing by 1.9% after 1.7% in October, as did those of unprocessed food products, which increased by 3.8%, compared to 3. 4%.
The “housewife basket” (food, cleaning, care and hygiene products) also accelerated its increase, going from 2% to 2.3%.
The increase in the inflation index calculated according to the harmonized standards of the European Union (IPCA) stood at 1.5% over one year, after 1% in October.
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