Italy November final CPI +1.1% vs +1.2% y/y prelim

Italy's November Consumer Price Index (CPI) rose by +1.1% year-on-year, falling short of the preliminary estimate of +1.2%. This figure shows a decrease from the previous month, which was +1.2%. Additionally, the harmonized consumer price index (HICP) also aligned with preliminary estimates at +1.1% year-on-year, compared to +1.3% the prior month. This indicates a significant slowdown in the price increase pace, likely influenced by restrained prices in energy and food sectors. This CPI data could impact the European Central Bank's (ECB) future interest rate policies, as the trend in inflation is closely monitored. Investors should be cautious about the potential implications on rate forecasts from this data.