A 26% year-on-year vegetable
price hike in January is the highest since records began in
1997, ISTAT said Wednesday.
The previous record was 19.6% in April 2002.
Vegetable prices have been rising steadily recently as cold
weather has taken a toll on crops.
Italy's annual inflation rate was 1% in January, ISTAT said,
its highest level in over three years.
The national statistics agency revised the figure up from its
preliminary estimate of 0.9%. This annual rise was up from a
0.5% increase in December. It is the biggest increase since the
1.2% rate registered in August 2013.
It was driven by the speed-up of the annual growth of prices
of non-regulated energy products (+9.0%, from +2.4% in the
previous month) and of unprocessed food (+5.3%, from +1.8% in
December 2016). The Italian consumer price index for the whole
nation (NIC) increased by 0.3% on monthly basis, ISTAT said.
The prices in Italy's 'trolley' of most frequently bought
goods rose 1.9% in January compared to the same month in 2016,
compared to an annual rise of 0.6% in December, ISTAT said. The
trolley for items such as food, personal and household items was
up 1.1% in January compared to the previous month.
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