Italy's annual inflation rate dropped
slightly to 11.6% in December, down from 11.8% in November,
ISTAT said on Tuesday, confirming the figure given in its
preliminary estimate
The 11.8% figure, which was also the inflation rate in October,
was the highest level since the rate was 11.9% in March 1984.
The national statistics agency said its consumer price index was
up 0.3% in December in month-on-month terms.
ISTAT said the average annual inflation rate was 8.1% last year,
compared to 1.9% in 2021, largely because of soaring energy
prices.
That is the highest average for the year since it was 9.2% in
1985.
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