Inflation in Italy fell to 1.1% in annual terms


Prices for consumer goods in Italy rose by 1.1% in December 2018 compared to 2017, after rising 1.6% in November. In December, prices exceeded November prices by 0.1%. Preliminary data coincided with current figures. Low inflation rates are caused by fall in energy and some food prices. Prices for consumer goods, excluding food, alcohol and energy, rose 0.6% year-on-year in December. Last month, the price increase was 0.7%. Food prices went up by 0.8%, alcohol and tobacco products - by 2.6% in annual terms. In December, their prices rose by 0.7%. Prices for clothes and shoes increased by 0.2% for the year and decreased by 0.1% over the month. Transportation costs rose by 1.2% over the year and fell by 0.9% over the month.



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