Consumer price inflation in Italy accelerated further in May to the highest level in more than two-and-a-half years, as estimated initially, the latest data from the statistical office showed on Tuesday.
Consumer price inflation accelerated to 3.2 percent in May from April's 2.7 percent. Moreover, this was the highest inflation rate since September 2023, when prices rose 5.3 percent. That was in line with the flash data published on May 29.
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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.