(Reuters) – Italian EU-harmonised consumer prices (HICP) rose 3.8% month-on-month in October and were up 12.6% from the year earlier, official statistics agency ISTAT said on Wednesday, revising down preliminary data.
The preliminary estimate had pointed to +4.0% month-on-month and 12.8% year-on-year.
October’s +12.6% annual rate was up from +9.4% in September.
The main domestic price index (NIC), rose 3.4% on the month and increased 11.8% annually – the highest since March 1984 – accelerating from an 8.9% annual increase in September.
Core inflation (net of fresh food and energy) was running at +5.7% year-on-year on the HICP index in October, up from +5.3% in the month before.
ISTAT gave the following details:
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The EU-harmonised index (HICP):
Oct Sept Aug
Monthly change +3.8r +1.6 +0.9
Yr/yr inflation +12.6r +9.4 +9.1
Index (base 2015=100) 120.0r 115.6 113.8
The NIC index:
Monthly change +3.4r +0.3 +0.8
Yr-on-yr inflation +11.8r +8.9 +8.4
Index (base 2015=100) 118.1r 114.2 113.9
r=revised
(Reporting by Enrico Sciacovelli, editing Antonella Cinelli)