In November, inflation in Italy fell by 0,4% on month and increased by 0,6% on year (the lowest since October 2009), according to the Nic index with tobacco measured by Istat. These are preliminary estimates, according to which inflation acquired in 2013, after the third consecutive monthly drop, drops to 1,1% from 1,2% in October.
On the contrary, however, the data from the Eurozone indicates that after the plunge in October to 0,7% (from 1,1% in September), the annual inflation rate in November climbs back to 0,9%. This is Eurostat's flash estimate. Food, alcohol and tobacco had the strongest increase (1,6% against 1,9% in October) followed by services (1,5% against 1,2%), non-energy industrial goods (0,3%, stable compared to October). Energy -1,1% against -1,7% in October. The final data will be published on 17 December. Today's data clearly indicates momentum, the Eurozone as a whole is not in a deflationary phase. But Italy does.
