MILAN: Italy's inflation slowed in October to a rate of 2.6 percent from 3.2 percent in September, official data from Italy's statistics agency showed on Tuesday, confirming previous estimates.
The slowdown was due partly to seasonal effects for various goods and services sectors and partly to external factors including an increase of value-added tax by one percentage point in October, Istat said.
The inflation rate calculated according to European Union measurements was 2.8 percent in October at an annualised rate compared to 3.4 percent in September and 0.3 percent over the month.
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