Italy Inflation Slows in Further Sign Europe May Be Past Peak
- Consumer prices rose 12.3% in December, as economists expected
- Reading follows slowdowns in Germany, France and Spain
This article is for subscribers only.
Italian inflation slowed, mirroring a trend across Europe’s major economies and fueling optimism that the worst price gains since the euro was introduced may have peaked.
Inflation eased to 12.3% from a year earlier in December from 12.6% the previous month, data released Thursday by the ISTAT national statistics institute showed. Food and electricity were among the biggest price increases.