Italy's consumer price inflation moderated in November to the lowest level in just over a year, revised from a stable rate estimated initially, the latest data from the statistical office showed on Tuesday.
Consumer price inflation slowed to 1.1 percent in November from 1.2 percent in October. Moreover, this was the slowest rate since October 2024, when prices rose 0.9 percent.
Prices for regulated energy products fell 3.2 percent from last year, and those for communications services slid by 0.8 percent. Inflation based on transport-related services slowed to 0.9 percent from 2.0 percent, and the annual price growth in unprocessed food softened to 1.1 percent from 1.9 percent.
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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.