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Italy's monthly harmonized inflation for September confirmed at 1.8%

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Italy's monthly harmonized inflation for September confirmed at 1.8%

Italy's harmonized consumer price inflation for September was confirmed at 1.8% month over month, and 1.3% annually, final data from the National Institute of Statistics showed.

August's monthly harmonized inflation was 0.1% while year-over-year inflation was recorded at 1.4%.

In nonharmonized terms, September prices fell by 0.3% on a monthly basis but increased 1.1% in annual terms. By comparison, August nonharmonized inflation was 0.3% month over month and 1.2% in annual terms.

The decline in non-harmonized prices in September was attributed to the slowdown of growth in prices of both services related to transport, which fell to 2.7% from 4.4% in August, and regulated energy products, down to 2.9% from 5.0% in the previous month. Prices of unprocessed food increased 2.1% from 0.7% recorded in August.

Harmonized core inflation for the month stood at 1.0%, down from 1.1% in August, the institute said.