Inflation stood at 3.4% in October, up from 1.6% in September. According to the ELSTAT announcement:
The development of the Consumer Price Index (CPI) for October 2023 (reference year 2020=100.0) is as follows: The comparison of the October 2023 General CPI with the October 2022 CPI showed an increase of 3.4% compared to an increase of 9.1% in the corresponding comparison of the year 2022 with 2021.
The General CPI in October 2023, compared to September 2023, showed an increase of 0.6%, compared to a decrease of 1.2% in the same month of the previous year.
The average CPI for the 12 months of November 2022 - October 2023, compared to the corresponding CPI for the 12 months of November 2021 - October 2022, showed an increase of 4.2%, compared to an increase of 9.2% in the corresponding comparison of the 12 months of November 2021 - October 2022 with the 12 months of November 2020 - October 2021.
