Italy's consumer price index fell in November - Istat

According to the report from Istat, in November 2020 the rate of change of Italian consumer price index for the whole nation (NIC) was -0.1% on monthly basis and -0.2% on annual basis (from -0.3% in October); confirming the flash estimate.

The decrease on annual basis (for the seventh consecutive month) of All items index was still mainly due to the wide decreases of prices of Energy products (-8.6%, from +8.7% in October), whereas its lower extent was determined by the speed-up of prices of Services related to recreation, including repair and personal care (from +0.1% to +0.7%) and by the lower extent of the decrease of prices of Services related to transport (from -2.0% to -1.6%).

Core inflation (excluding energy and unprocessed food) was +0.4% (up from +0.2% in the previous month) and inflation excluding energy was +0.6% (up from +0.5%).

The decrease on monthly basis was mainly due to the of prices of Services related to transport (-1.0%) and of Services related to recreation, including repair and personal care (-0.8%), only partially offset by the increase of those of Unprocessed food (+0.7%).

Prices of Grocery and unprocessed food increased by +0.5% on monthly basis and by +1.2% on annual basis (the same as in the previous month).