Consumer prices (provisional)

The Consumer Price Index measures the change in prices over time of a set of goods and services (CPI basket) representative of  Italian household consumption.

Istat estimates that in October 2011:

• the National Consumer Price Index for the whole nation CPI (see Italian NIC) – used to measure      inflation over the entire Italian economic system – rose by 0.6% compared to the previous month and by 3.4% in comparison to the same month of the previous year;
• the EU Harmonized Index of Consumer Prices HICP (see Italian IPCA) – developed to facilitate the comparison of inflation between Member States – rose by 0.9% compared to the previous month and by 3.8% in comparison to the same month of the previous year.

Note: At 12:40 on October 31, 2011, the above text and the attached press release have been replaced due to misprints on data concerning HICP (see Italian IPCA).