ITALY DATA: Preliminary Oct HICP +0.3% m/m, +2.8% y/y, down from +3.4%
y/y in Sept, and the slowest y/y gain since Aug 2011, ISTAT said.
– HICP, NIC y/y compares with steep Oct11 gains on VAT tax hike– ISTAT
– Main domestic index (NIC) flat m/m, +2.6% y/y, Vs +3.2% y/y in Sep.
– Core NIC inflation slows to +1.5% from +1.9% y/y in Sep.
– Preliminary NIC data provides +3.0% ‘acquired’ inflation for 2012.