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The Italian statistical office Istat released its final consumer price inflation data for Italy on Friday. Preliminary consumer prices in Italy rose 0.2% in October, in line with preliminary reading, after a 0.4% fall in September.
The increase was mainly driven by a rise in prices of electricity, of gas and of unprocessed food. Prices of electricity jumped 2.9% in October, prices of gas rose 1.9%, while prices of unprocessed food were up 0.7%.
On a yearly basis, consumer prices climbed 0.3% in October, in line with preliminary reading, after a 0.2% increase in September.
The increase was driven by a rise in unprocessed food and higher prices for services related to recreation including repair and personal care. Prices for unprocessed food climbed 4.1% year-on-year in October, while prices for services related to recreation including repair and personal care rose 1.4% year-on-year.
Consumer price inflation excluding unprocessed food and energy prices remained unchanged at 0.8% year-on-year in October.
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