Italian inflation nudges up in August

BUSINESS
Italian inflation nudges up in August

Italian consumer prices rose slightly in August - by 0.3 percent from July - mainly due to an increase in non-regulated energy product and transport service costs, the central statistics agency Istat said.


August inflation climbed 1.4 percent from August last year, Istat reported.

Core inflation - excluding energy and unprocessed food - was 1.0 percent in August, up from 0.8 percent in the previous month, the Istat figures showed.

EU harmonised consumer prices (HICP) nudged up 0.1 percent month-on-month in August and were up 1.4 percent year-on-year, Istat said, confirming a preliminary estimate.



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