highest in 12 years

Published Jan. 5, 2009 at 6:23 p.m.
20433-highest-in-12-years inflation highest in 12 years:

(ANSA) - Rome, January 5: Italy's annual inflation rate in 2008 averaged out at 3.3%, its highest in 12 years, national statistics bureau Istat reported on Monday.

In 2007 Italy's inflation rate was 1.8%. Istat's inflation figure for 2008 was contested by consumer groups Adusbef and Federconsumatori which claimed that the rate for 2008 was 5.9%.

The consumer groups also calculated that inflation cost the average Italian family an additional 1,800 euros last year.

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