Economic Indicators
Inflation in Italy declines in December
2023.01.05 07:25
Inflation in Italy declines in December
Budrigannews.com – According to preliminary data released on Thursday, price growth in Italy slowed in line with expectations in December but is still well within double digits.
According to the Italian National Institute of Statistics, the country’s decreased slightly from 12.6% in November to 12.3% in December.
When not adjusted for EU standards, the for the third-largest economy in the Eurozone decreased slightly to 11.6% from 11.8%.
Hopes that a recent cost-of-living crisis in Europe may be beginning to ease are fueled by the fact that the Italian figures posted inflation declines in December that were greater than anticipated.
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