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Investing.com -- Italian EU-harmonised consumer prices rose by 1.3% month-on-month in September, pushing annual inflation up to 1.8%, according to preliminary data released Tuesday.
The inflation figure came in slightly above market expectations, as analysts had forecast a monthly increase of 1.1% and an annual rate of 1.7%.
Italy’s national statistics agency ISTAT reported that the country’s main domestic price index (NIC) declined 0.2% compared to August, while maintaining an annual inflation rate of 1.6%, unchanged from the previous month.
Core inflation, which excludes volatile items like fresh food and energy, remained steady at 2.2% year-on-year on the HICP index in September.
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