Italy: Inflation at its highest level in 30 years

Italy’s annual inflation rate accelerated to 6.5 percent in March 2022, the highest level since July 1991, from 5.7 percent in the previous month and below the initial estimate of 6.7 percent.

On a monthly basis, consumer prices rose 1 percent, accelerating from a 0.9 percent increase the previous month but below initial estimates.

Meanwhile, the European Union Harmonized Index advanced 6.8 percent on the year and 1 percent on the month, which is also lower than the initial estimates.