Consumer price inflation in Italy rose slightly in December from a 13-month high in the previous month, preliminary data from the statistical office showed on Wednesday.
Consumer price inflation inched higher to 1.2 percent in December from 1.1 percent in November. Meanwhile, economists had expected inflation to remain stable at 1.1 percent.
The annual price growth in transport-related services accelerated to 2.6 percent from 0.9 percent. Similarly, inflation based on processed food rose to 2.6 percent from 2.1 percent. On the other hand, costs for regulated energy products deepened to 5.3 percent from 3.2 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.