Inflation in November to the trend rate of 2.4%

Istat announced preliminary estimates on 'inflation in November that knoppix is the monthly variation of +0.4% while the trend à ¨ 2.4% which happens to be the highest since June 2004 pià ¹. On the euro zone, the 'Italy at the moment appears to be below the average of the thirteen Member States and at ¨ 3.0%. To contribute to raising the levels of inflation have been particularly increases in food consumption, products derived from petroleum as energy and fuel rose sharply due to expensive oil, even partially protected by the strengthening of 'euro against the dollar. The escalation of oil prices was the factor à ¨ pià ¹ important and immediate on increasing the 'inflation during this time pushing up the cost of fuel and electricity, while other types of products (food, tobacco goods home, hotels and restaurants) among the major ¹ significant, suffered the 'effect of' price increase that is the origin à ¨ then transferred gradually to the final price higher. The increase in consumer prices move has been partly hampered however by the strengthening of 'euro has led to a moderation in prices of imported goods. The inflationary trend in recent years ¨ swinging, in fact, 2006 will shut with a ¨ à 'inflation to 2.1% in 2005 to 1.9%, 2004 2.2%, 2003 to 2, 7%, 2002 2.5% 2001 2.7% and 2000 to 2.5%. For 2008 the inflation outlook is very uncertain because of the volatility of oil. For the next 13 December, the Istat will announce the final figures.

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