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Italy's harmonized inflation revised down to 1.6% in November

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Italy's harmonized inflation revised down to 1.6% in November

Annual inflation in Italy came in at 1.6% in EU-harmonized terms in November, lower than the flash estimate of 1.7%, final data from the country's National Institute of Statistics showed.

The rate also fell short of the annual EU-harmonized inflation of 1.7% recorded in October.

Harmonized core inflation, which excludes energy and unprocessed food prices, stood at 0.7% year over year in November, unchanged from that in the prior month.

Month over month, harmonized consumer prices were down by 0.3% in November, falling more than the preliminary estimate of a 0.2% decrease.

Nonharmonized consumer prices edged up by 1.6% from November 2017 and fell by 0.2% from October 2018.