The Italian statistical office Istat released its preliminary consumer price inflation data for Italy on Monday. Preliminary consumer prices in Italy declined 0.4% in November, after a 0.2% rise in October.

The decrease was mainly driven by a drop in prices for services related to recreation including repair and personal care. Prices for services related to recreation including repair and personal care plunged 1.8% in November.

On a yearly basis, consumer prices climbed 0.1% in November, after a 0.3% increase in October.

The slower increase was mainly driven by lower prices for services related to recreation including repair and personal care. Prices for services related to recreation including repair and personal care rose 0.4% year-on-year, after a 1.4% gain in October.

Consumer price inflation excluding unprocessed food and energy prices fell to 0.6% year-on-year in November from 0.8% in October.