Italy's inflation slows in October
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MILAN, Italy, Nov 13 AFP
November 14 2012, 01:14AM
Italy's inflation slowed in October to a rate of 2.6 per cent from 3.2 per cent in September, official data from Italy's statistics agency shows, confirming previous estimates.
The slowdown was due partly to seasonal effects for various goods and services sectors and partly to external factors including an increase of value-added tax by one percentage point in October, Istat said on Tuesday.
The inflation rate calculated according to European Union measurements was 2.8 per cent in October at an annualised rate compared to 3.4 per cent in September and 0.3 per cent over the month.