Inflation slowed in Italy, but food prices rose
In Italy, consumer prices rose by 9.1 percent year-on-year in February, after a 10 percent increase in January, the Italian statistical office, Istat, announced on Thursday.
February 2022 is the lowest rate in Italy since September. The February figure of 9.2 percent was included in the preliminary estimate published two weeks ago.
Based on the final data of Istat, monthly inflation rose to 0.2 percent in February after 0.1 percent in January.
Istat noted that the slowdown in annual inflation was primarily caused by lower energy prices. According to Istat data, the decrease in the annual price increase is largely due to the effect of regulated energy prices, which showed a 16.4 percent decrease in the previous month, compared to 12 percent in January. The annual increase in unregulated energy prices decreased to 40.8 percent in February after 59.3 percent in January. At the same time, the prices of food and tobacco products rose at an accelerating rate in February.
Related news
Annual inflation slowed in the euro area and the EU in May
Annual inflation slowed in both the eurozone and the European…
Read more >Conad Adriatico Plans To Invest €258m By 2027
Conad Adriatico plans to invest €258 million by 2027, following…
Read more >K&H: Hungarian economy could grow by 2.5-3 percent next year
Based on the current, uncertain outlook, after the 0.5 percent…
Read more >Related news
Promotions, prices, alternatives – promotions and Hungarian households
Tünde Turcsán, managing director of YouGov spoke about how Hungarian…
Read more >The “Pass it Back, Brother!” spring 2025 campaign has ended successfully!
This year marks the seventh year of the ‘Pass Back,…
Read more >K&H: investors will receive a missing compass
The K&H Securities – Investor Sentiment Index has been launched,…
Read more >