The December inflation decline has been confirmed. In 2023, consumer prices grew by 5.7% (+8.1% in 2022). Istat reported that in December 2023, the national consumer price index for the entire community, gross of tobacco, grew by 0.2% on a monthly basis and 0.6% on an annual basis. The year-on-year deceleration in inflation was mostly caused by regulated energy product prices (which increased their decline from -34.9% to -41.6%).
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