According to the National Institute of Statistics (ISTAT), the final data for the consumer price index in October is lower than the 11.9-percent estimate released last month.
However, it is still a record since Italy's adoption of the euro currency in 1999. The last time prices rose so sharply in one month was in June 1983, when inflation hit 13 percent during a period when Italy was still using the lira currency. In September, prices were 8.9 percent higher than a year earlier.
Soaring energy prices continue to drive up other prices, with prices for energy goods increasing by 71.1 percent in October compared to a year earlier. In September, the year-on-year increase was 44.5 percent.
@GiorgiaMeloni Meloni invece di beatificarti con il G20 risolvi i problemi in Italia!!! Buste paga misere, prezzi fuori controllo, inflazione non è al 12% ma studi la danno oltre il 30%!!! Il pellet sta a 13 euro si rende conto?? Inizi ad abbassare l'Iva dal 22% al 5% sul pellet! pic.twitter.com/eSI86PGjVf
The tweet reads, "Giorgia Meloni, instead of beatifying yourself with the G20, solve the problems in Italy!!! Bad salaries, uncontrolled prices, inflation is not at 12 percent, studies place it above 30 percent!!! The pellet is 13 euros, do you realize? Start lowering VAT from 22 to 5 percent on pellets!"
Food prices, which are influenced due to costs for transportation, mechanization, and fertilizer, also rose dramatically, increasing by 13.3 percent compared to October 2021. This was faster than the 11.4-percent increase recorded in September.
ISTAT said that the country's "core" inflation rate -- a calculation that excludes energy and food costs -- still came in at 5.3 percent in October, an increase from 5 percent a year earlier.
Over the first ten months of the year, prices rose by 8 percent, ISTAT said, while the "core" rate increased by 3.7 percent over the same period.
The migrant rescue ship Ocean Viking is heading to dock on the French coast after 19 days at sea and a ban on docking in Italy. pic.twitter.com/LJBx5H1Kru