Italy’s EU Harmonized Inflation Rate Falls to 3.7% in November

Nov. 30 (Bloomberg) -- Italy’s inflation rate calculated using European Union standards declined in November.

The EU-harmonized inflation rate fell to 3.7 percent from 3.8 percent in October, Rome-based national statistics institute Istat said today. That was less than the 3.8 percent median forecast of 17 economists surveyed by Bloomberg News. Consumer prices declined 0.1 percent from the previous month.

Inflation calculated using national methodology slowed to an annual 3.3 percent from 3.4 percent in October.

--Editor: Jeffrey Donovan

To contact the reporter on this story: Andrew Davis in Rome at abdavis@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net