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Italy: Inflation rises in September from the prior month
Latest reading: Harmonized consumer prices were up 1.8% on a year-on-year basis in September, following a 1.6% rise in the previous month.
Relative to the previous month’s data, there were higher price pressures for transportation (+0.3% on a year-on-year basis vs -0.2% in August) and restaurants and hotels (+3.7% vs +3.2% in August). In contrast, there were reduced price pressures for food and non-alcoholic beverages (+3.7% vs +4.2% in August), housing and utilities (-1.0% vs -0.8% in August) and recreation (+0.9% vs +1.6% in August).
Meanwhile, consumer prices rose 1.6% in annual terms in September, unchanged from the previous month’s reading.
Lastly, harmonized consumer prices were up 1.29% in September on a month-on-month basis, following a 0.24% fall in the prior month.
