ROME, Nov. 15 (Xinhua) -- In October, Italian consumer price index (CPI) increased by 1.7 percent on an annual basis, down from 5.3 percent in September and far below the peak of 11.9 percent in late 2022, Italy's National Institute of Statistics (ISTAT) said on Wednesday.
The slowdown of the annual inflation rate was mainly due to the drop in prices of energy products and food, according to the agency.
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