According to preliminary estimates, in October 2018 the Italian consumer price index for the whole nation (NIC) was stable on monthly basis and increased by 1.6% with respect to October 2017, up from +1.4% in September 2018.

The acceleration of inflation was mainly due to prices of Regulated energy products (from +5.6% in September to +9.3%) and of Services – miscellaneous (from +0.5% to +2.3%) only partially offset by prices of Unprocessed food and of Services related to transport that slowed their growth respectively from +2.4% to +0.8% and from +2.5% to +1.9%.

Excluding energy and unprocessed food, core inflation was +0.8% (up from +0.7% in September) and inflation excluding energy was +0.9% (as in the previous month).