Consumer price inflation in Italy softened in October to the lowest level in a year, provisional data from the statistical office showed on Friday.
Consumer price inflation slowed to 1.2 percent in October from 1.6 percent in September. Meanwhile, economists had expected inflation to remain stable at 1.6 percent.
The slowdown in inflation was largely due to a 0.8 percent fall in prices of regulated energy products, which grew 13.9 percent in September.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.