Inflation remains at 11.8%, highest level since 1984

(ANSA) - ROME, NOV 30 - Italy's annual inflation rate was 11.8% in November, stable with respect to October but still at the highest level since it was 11.9% in March 1984, according to a preliminary estimate released by ISTAT on Wednesday.
    The national statistics agency added that its consumer price index was up 0.5% in month-on-month terms, down sharply from 3.4% in October.
    "The stable growth on annual basis of all-item index was due to the offset of opposite dynamics," ISTAT said.
    "On the one hand, the prices of non-regulated energy products slowed down (from +79.4% to +69.9%), together with the prices of unprocessed food (from +12.9% to +11.3%) and of services related to transport (from +7,2% to +6.8%).
    "On the other hand, the prices sped up of regulated energy products (from +51.6% to +56.1%), processed food including alcohol (from +13.3% to +14.4%), non-energy industrial goods (from +4.6% to +5.0%) and services related to recreation, including repair and personal care (from +5.2% to +5.5%)".
    (ANSA).