Istat estimates that in December the national consumer price index for the entire community increased by 0.3% on a monthly basis and by 11.6% on an annual basis , from +11.8% in November. On average, consumer prices recorded a growth of +8.1% in 2022 , compared to +1.9% in 2021.

The annual figure , reports Istat, is "the largest since 1985 (when it was equal to +9.2% )", mainly due to the trend in the prices of energy goods (+50.9% on average over the year in 2022, compared to +14.1% in 2021). Excluding energy and unprocessed food (core inflation), consumer prices grew by 3.8%, excluding energy alone by 4.1%.

«Based on the preliminary estimates, the inflation acquired for 2023 (i.e. the average growth that would occur in the year if prices remained stable until next December) is equal to +5.1% , much higher than that observed for 2022, when it was equal to + 1.8%», concludes the statistical institute.

(Unioneonline/vf)

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