News Karnataka
Tuesday, January 31 2023
Europe

Rome: Italy’s inflation reaches 37-yr high in 2022

Italy's inflation reaches 37-yr high in 2022
Photo Credit : IANS

Rome: Prices in Italy rose 8.1 per cent year-on-year in 2022, the highest since a 9.2 per cent annual increase in 1985 when the country still used the lira currency, the government’s statistics office said

In December, prices were 11.6 per cent higher than in the same month in 2021, and down from 11.8 per cent in November, reports Xinhua news agency.

It was still the third highest one-month rate recorded since the introduction of the euro currency in 1999.

The seven highest monthly inflation rates recorded in Italy since 1999 have all been in the last seven months, according to the National Institute of Statistics (ISTAT).

High energy prices have been responsible for the bulk of those increases, pushed higher by the energy supply challenges caused by the ongoing Ukraine-Russia war.

The 8.1 per cent annual inflation rate includes data from the early part of the year when inflation was still low.

In contrast, prices rose just 1.9 per cent in 2021 compared to the previous year.

Share this:
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published. Required fields are marked *

Rohan City Corp
Rohan City Corp

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp