Italy's annual inflation rate dropped slightly to 11.6% in December, down from 11.8% in November, ISTAT said on Tuesday, confirming the figure given in its preliminary estimate the 11.8% figure, which was also the inflation rate in October, was the highest level since the rate was 11.9% in March 1984.
The national statistics agency said its consumer price index was up 0.3% in December in month-on-month terms, Kazainform reports.
ISTAT said the average annual inflation rate was 8.1% last year, compared to 1.9% in 2021, largely because of soaring energy prices.
That is the highest average for the year since it was 9.2% in 1985