Consumer price inflation in Italy increased slightly less than initially estimated in April to the highest level in more than two-and-a-half years, the latest from the statistical office showed on Friday.
Consumer price inflation accelerated to 2.7 percent in April from March's 1.7 percent. Moreover, this was the highest inflation rate since September 2023. In the flash report, the inflation rate was 2.8 percent.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.