ROME, Jan. 16 (Xinhua) -- Italy's average annual inflation rate in 2023 dropped to 5.7 percent from the previous year's 8.1 percent, the highest since Italy adopted the euro currency in 1999, the National Institute of Statistics (ISTAT) said Tuesday.
ISTAT attributed the slowdown largely to a decrease in regulated and unregulated energy prices, which registered a year-on-year decline of 41.6 percent and 21.1 percent respectively by the end of 2023.
