According to preliminary estimates, in November 2018 the Italian consumer price index for the whole nation (NIC) decreased by 0.1% on monthly basis and increased by 1.7% with respect to November 2017, up from +1.6% in the previous month.

The dynamics of inflation in November was due to the slight acceleration of prices of different types of products (thereof Processed food including alcohol from +1.0% in October to +1.3%, Unprocessed food from +0.8% to +1.1%, Services related to recreation, including repair and personal care from +1.0% to +1.2% and of Services related to transport from +1.8% to +2.0%). These accelerations prevailed on the slowdown of prices of Non-regulated energy products (from +9.5% to +7.8%) that, together with prices of Regulated energy products (stable at +10.7%), explain almost half of the general inflation rate.

Both Core inflation excluding energy and unprocessed food and inflation excluding energy were +0.9% (up respectively from +0.7% and +0.8% in October).