Italy October preliminary CPI (HICP) +1.3% vs +1.7% y/y expected | investingLive

• Prior +1.8%
• Core CPI Y/Y +2.0% vs +2.0% prior
• Full report here

Big downside surprise in the headline inflation data, but the core figure remained unchanged.

From the agency:

The slow down of the annual inflation rate was mainly due to the prices
of Regulated energy products (from +13.9% to -0.8%), of Unprocessed food
(from +4.8% to +1.9%) and, to a lesser extent, of Services related to
transport (from +2.4% to +2.0%). At the opposite, an upward contribution
to the inflation rate came from the prices of Services related to
recreation, including repair and personal care (from +3.1% to +3.3%).