Inflation in Italy at the highest levels since 1984 – Last Minute Economy News

The National Institute of Statistics (Istat) has released the first October veri on price increases.

As a result, annual inflation in Italy, which was 8.9 percent in September, was 11.9 percent in October.

According to information from the Italian press, this rate is the highest rate recorded in the country since 1984. On a monthly basis, the increase was 3.5%.

The Istat press release states that the increase in prices is due to the increase in energy costs.

According to preliminary veri, the basket of inflation, which includes food and household goods, increased from 10.9 percent to 12.7 percent year-on-year in October.