Italian inflation hit 5.4% in October says Istat

Italy's inflation rate rose to 5.4% in October, the highest since August 2023, driven by increased energy prices due to the Iran conflict. Energy prices surged from 22.6% to 31.4%, with non-regulated energy products seeing a significant rise. Additionally, unprocessed food and transport services also contributed to the inflation increase. The consumer price index increased by 0.9% month-on-month, according to Istat's preliminary estimate.