Italian inflation climbs to record high in September

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Italian inflation climbs to record high in September

STORY: Italian inflation climbs to record high in September DATELINE: Oct. 5, 2022 LENGTH: 00:01:16 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of people shopping in the supermarket STORYLINE: The consumer price index in Italy set a new record by rising 8.9 percent in September compared to the same month in 2021, the largest year-on-year increase recorded since the creation of the euro currency. The previous record was set a month earlier, when prices climbed 8.4 percent between August 2021 and August of this year. So far, the four largest year-on-year increases in Italy's inflation rate have all been recorded over the last four months. According to Italy's National Statistics Institute (ISTAT), the country's inflation rate over the first nine months of the year was 7.1 percent higher than the same period a year earlier. The main factors pushing prices higher are direct and indirect energy-related costs. While prices for energy goods were 44.5 percent higher in September than in the same

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