Inflation In Italy Rises To 1.3% In March

2024-03-29 03:09:10

(MENAFN- AzerNews) Italy's inflation rate rose to 1.3% in March according topreliminary estimates released by ISTAT on Friday, Azernews reports, citing ANSA.

The increase comes after annual inflation remained stable at0.8% in February, the same level as January.

ISTAT said the national consumer price index for the entirecollectivity (NIC), gross of tobacco products, increased by 0.1% ona monthly basis and by 1.3% on an annual basis, The nationalstatistics agency added that core inflation, net of energy goodsand fresh food, rose from +2.3% to +2.4%, while core inflation netof energy goods alone decelerated from +2.6% to +2.5%.

ISTAT also said Friday the annual increase in so-called'shopping trolley' prices slowed to +3% in March from +3.7% inFebruary.

The increase in prices of food, household and personal careitems slowed from +3.4% in February to +3% in March and in those ofproducts with high purchase frequency slowed from +2.8% in Februaryto +2.7% in March.

Prices of unprocessed food products also slowed in March ,falling to +2.6% from +4.4%, as did tobacco prices, dropping from+2.6% to +1.9%.

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