FOREX TradingCharts.com

Financial News: Italy Inflation Eases Slightly To 11.6% As Estimated

Italy Inflation Eases Slightly To 11.6% As Estimated

01/17/2023 - 05:33:00 (RTTNews)

(RTTNews) - Italy's consumer price inflation eased slightly as initially estimated in December from a more than thirty-eight year high in November, primarily due to a moderation in energy prices, latest data from the statistical office showed on Tuesday.

The consumer price index climbed 11.6 percent year-over-yearin December, following an 11.8 percent rise in November, which was the strongest inflation rate since March 1984. That was also in line with the flash data published on January 5.

The slight slowdown in December was mainly due to the price developments in energy, which still grew sharply by 64.7 percent, but slower than November's 67.6 percent surge.

Utility costs alone climbed 54.5 percent annually in December, and prices for food and non-alcoholic beverages rose 13.1 percent. Transport charges were 6.2 percent more expensive compared to last year.

Excluding energy and fresh food, core inflation accelerated to 5.8 percent from 5.6 percent, as estimated.

EU harmonized inflation also eased to 12.3 percent in December from 12.6 percent in the previous month. There was no change in figures compared to the initial estimate.

On a monthly basis, the harmonized index of consumer prices edged up 0.2 percent. The consumer price index increased 0.3 percent versus a 0.5 percent rise in November.

In 2022, consumer prices recorded an average annual growth of 8.1 percent versus only a 1.9 percent increase in 2021. This was the largest increase since 1985, mainly due to the trend in the prices of energy goods, the statistical office said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2023 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Taiwan Consumer Confidence Improves Slightly On Stronger Expectations (28 min(s), 31 sec(s) ago)
(RTTNews) - Taiwan's consumer sentiment strengthened for the first time in five months, albeit ...Full Story»

Dutch Producers Slightly More Positive In January (01 hr(s), 46 min(s), 31 sec(s) ago)
(RTTNews) - The Netherlands' producer confidence improved slightly at the start of the year, a ...Full Story»

European Economics Preview: Germany GDP Data Due (02 hr(s), 20 min(s), 31 sec(s) ago)
(RTTNews) - Quarterly national accounts from Germany and economic sentiment survey results from eu ...Full Story»

New Zealand Has NZ$475 Million Trade Deficit (41 min(s), 29 sec(s) ago)
(RTTNews) - New Zealand posted a merchandise trade deficit of NZ$475 million in December, Statisti ...Full Story»

New Zealand Trade Data Due On Monday (38 min(s), 29 sec(s) ago)
(RTTNews) - New Zealand will on Monday release December data for imports, exports and trade balanc ...Full Story»

U.S. Consumer Sentiment Improves Slightly More Than Initially Estimated In January (16 min(s), 29 sec(s) ago)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story»

U.S. Pending Home Sales Unexpectedly Rebound In December (02 min(s), 29 sec(s) ago)
(RTTNews) - After reporting decreases in U.S. pending home sales for six straight months, the Nati ...Full Story»

U.S. Personal Income Inches Up 0.2% In December, In Line With Estimates (40 min(s), 29 sec(s) ago)
(RTTNews) - Personal income in the U.S. increased in line with economist estimates in the month of ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Taiwan Consumer Confidence Improves Slightly On Stronger Expectations

01/30/2023 - 03:08 AM (RTTNews)
(RTTNews) - Taiwan's consumer sentiment strengthened for the first time in five months, albeit ...Full Story>>

Dutch Producers Slightly More Positive In January

01/30/2023 - 01:50 AM (RTTNews)
(RTTNews) - The Netherlands' producer confidence improved slightly at the start of the year, a ...Full Story>>

European Economics Preview: Germany GDP Data Due

01/30/2023 - 01:16 AM (RTTNews)
(RTTNews) - Quarterly national accounts from Germany and economic sentiment survey results from eu ...Full Story>>

New Zealand Has NZ$475 Million Trade Deficit

01/29/2023 - 17:18 PM (RTTNews)
(RTTNews) - New Zealand posted a merchandise trade deficit of NZ$475 million in December, Statisti ...Full Story>>

New Zealand Trade Data Due On Monday

01/29/2023 - 16:15 PM (RTTNews)
(RTTNews) - New Zealand will on Monday release December data for imports, exports and trade balanc ...Full Story>>

Do not sell my personal information

Copyright © 2023. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.