Italian Inflation Slowed in January: Istat
Italian inflation slowed in January, falling below one percentage point (0.9%), according to Istat, the Italian statistics institute.
The slowdown in inflation is due to the deceleration of the price of energy goods, however, this dynamic is partly mitigated by the acceleration in the price of transport services (from 0.6% to 2.3%) and food goods (from 1.3% to 1.8%), reports Il Sole 24 Ore.
Istat's research also revealed that the price inflation of an average shopping cart (including food, household care, and personal-care goods) fell from 0.7% in December to 0.5% in January.
Overall goods inflation has decreased a lot, the study found, with a rate of 0.6% in January, compared to 1.2% in the same month last year. On the other hand, services inflation remained stable (1.1%).
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Alessandra Arosio. Click subscribe to sign up to ESM: European Supermarket Magazine.